Farmers are the priority of the central government. The Union Cabinet took an important decision on Wednesday and increased the minimum support price (MSP) on 14 crops of the Kharif season. The third NDA government led by Prime Minister Narendra Modi had released more than Rs 3 lakh crore of its first decision PM Kisan Samman Nidhi a day earlier. It also includes crops like paddy, cotton, and pulses.
The government fixes MSP every year
The government fixes MSP every year to get farmers a fair price for their produce. New MSP rates have been released for 2024-25. After the cabinet meeting on Wednesday, Union Information and Broadcasting Minister Ashwini Vaishnav said that the MSP of paddy has been increased by Rs 117 per quintal. Now farmers can sell their paddy at the rate of Rs 2300 per quintal. Two lakh crore rupees will be spent on the new MSP.
The decision to build two lakh new warehouses
This will be Rs 35 thousand crore more than the last crop season. Compared to 2004-14, more procurement was done on every crop during Modi's tenure. Concerned about the safety of the produce, the government has decided to build two lakh new warehouses at the panchayat level. Vaishnav said that the highest increase in MSP has been recommended for oilseeds and pulses as compared to last year. The MSP of paddy crops has been increased by Rs 117.
"Information and Broadcasting Minister Ashwini Vaishnav said that the government has taken care of 'seed to market' keeping in mind the concerns of the farmers. In the first two terms, the government created a strong base for the economy and the welfare of farmers. On that strong base, we can take a good leap. This is continuity in policy while focusing on farmers."
A total of 23 crops are included in the scope of MSP
The new MSP of cotton will be Rs 7,121. The MSP of another variety of this will be Rs 7,521. This is Rs 501 more than before. Sesame has been fixed at Rs 632 per quintal and tur dal at Rs 550 per quintal. MSP is the fixed price which is approximately one and a half times more than the cost of the produce to the farmers. On the recommendation of the Commission for Agricultural Cost and Prices, both the Central and State Governments decide it after discussion. Currently, a total of 23 crops have been included in the scope of MSP.
After the recent death of a 24-year-old youth from the Nipah virus in Kerala, the government has
Bollywood actress Aishwarya Rai is in the headlines these days. She has been in the news for a lo
While talking to students and teachers in America, the Leader of the Opposition in Lok Sabha and
On Thursday morning at around 11.30 am, a female tennis player was shot dead by her father with t
In the second semi-final of the Women's ODI World Cup 2025, the Indian women's cricket team playe
Since the year 2008, Taarak Mehta Ka Ooltah Chashmah has been tickling the stomach of the public.
Will Ed Sheeran make his Bollywood debut with Shah Rukh Khan's film 'King'?
Shah Rukh Khan is in the headlines these days for his upcoming film 'King'. There may not have be
'Insulted Baba Saheb, made us lose elections twice', PM Modi attacks Congress in Hisar.
The dream of the first plane flying from Maharaja Agrasen Hisar Airport came true on Monday. Prim
A major change has been witnessed in the Asia Cup 2025. ICC Elite Panel Match Referee Andy Pycrof
After the terrorist attack in Pahalgam in South Kashmir, many major decisions have been taken in
