Economic Affairs: Approves increase MSP for Kharif Crops

Briefing reporters in New Delhi after the Cabinet meeting on Wednesday, Agriculture Minister Narendra Singh Tomar said, government has increased the MSP of Kharif crops to ensure remunerative prices to the growers for their produce.

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved increase in the Minimum Support Price for all mandated Kharif crops for marketing season 2021-22.

Briefing reporters in New Delhi after the Cabinet meeting on Wednesday, Agriculture Minister Narendra Singh Tomar said, government has increased the MSP of Kharif crops to ensure remunerative prices to the growers for their produce.

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The expected returns to farmers over their cost of production are estimated to be highest in case of Bajra which is 85 per cent followed by urad 65 per cent and tur 62 per cent.

For rest of the crops, return to farmers over their cost of production is estimated to be at least 50 per cent.

He said, the highest absolute increase in MSP over the previous year has been recommended for sesamum which is 452 rupees per quintal followed by tur and urad 300 rupees per quintal each.

In case of groundnut, there has been an increase of 275 rupees per quintal and for nigerseed, an increase of 235 rupees per quintal in comparison to last year.

The increase in MSP for Kharif Crops for marketing season 2021-22 is in line with the Union Budget 2018-19 announcement of fixing the MSPs at a level of at least 1.5 times of the All-India weighted average Cost of Production, aiming at reasonably fair remuneration for the farmers.

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