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.
On the 50th anniversary of the Emergency imposed in the country on 25 June 1975, PM Narendra Modi
The violence in Bangladesh is continuing. The situation has worsened amid fierce arson. Even afte
Excise Policy Case: Arvind Kejriwal again reached the High Court, Delhi CM challenged CBI's arrest
Chief Minister Arvind Kejriwal has challenged the arrest made by the CBI in the Excise Policy Sca
Two cases of HMPV found in India, can it also be as dangerous as COVID-19?
Once again China has become a matter of concern all over the world. For the past few days, a new
The impact of the reforms made by the government in GST rates can be seen in the festive shopping
The Supreme Court will hear on Monday several PILs seeking intervention in the matter of adultera
The match between India and Pakistan in the semi-finals of the World Championship of Legends (WCL
Audiences are eagerly awaiting ‘Dhurandhar 2’. Fans are very excited about the film's
Leader of Opposition in Lok Sabha Rahul Gandhi has reached America. He addressed a session of stu
Covid-19: Discussion on two variants of Corona NIMBUS and STRATUS, has a new variant arrived again?
For more than a month now, the outbreak of coronavirus has been seen in many countries of the wor
