
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.
The International Cricket Council (ICC) disqualified Bangladesh from the 2026 ICC T20 World Cup i
The fourth Test of the five-match series between India and England will be played from July 23 at
Upcoming IPOs: 5 Companies to Raise ₹7,443 Crore Next Week; Check Full Details
The Indian primary market is set for a busy week, with five companies preparing to launch their i
Champions Trophy 2025: Chaos erupts over not hoisting Indian flag in Pakistan stadium, fans angry
A controversy has surfaced even before the start of the ICC Champions Trophy 2025. In the video g
Bengal Elections: TMC MP Challenges Prime Minister—Asks,
Amidst the voting for the second and final phase of the West Bengal Assembly elections, political
A ceasefire has finally been declared on the conflict between Thailand and Cambodia that has been
Delhi NCR Weather: Rain increases the chill in Delhi-NCR; IMD issues a yellow alert for today.
Amidst the biting cold, several areas of Delhi-NCR are experiencing rain, which has completely ch
In the latest episode of the controversial reality show Bigg Boss 18, Gunaratna Sadavarte has don
The Election Commission of India has replied to Aam Aadmi Party (AAP) national convenor Arvind Ke
The T20 World Cup 2024, played under the hosting of West Indies and America, ended with India's v