Good news for farmers as Modi government increases MSP for 6 Rabi crops in big move
The decision was announced on Wednesday by Union Minister Ashwini Vaishnaw after the Cabinet meeting held today. For gram, wheat, safflower and barley, there is an increase of Rs 210 per quintal, Rs150 per quintal, Rs140 per quintal and Rs130 per quintal respectively.
Central Government notifies MSP for 6 crops in Rabi marketing season for 2025-26.
— ANI (@ANI) October 16, 2024
Wheat - Rs 2425 from Rs 2275
Barley - Rs 1980 from Rs 1850
Gram - Rs 5650 from Rs 5440
Lentil - Rs 6700 from 6425
Rapeseed/Mustard - Rs 5950 from Rs 5650
Safflower - Rs 5940 from Rs 5800 pic.twitter.com/Poqn53RtXj
Here are details of 6 crops:
- Wheat - Rs 2425 from Rs 2275
- Barley - Rs 1980 from Rs 1850
- Gram - Rs 5650 from Rs 5440
- Lentil - Rs 6700 from 6425
- Rapeseed/Mustard - Rs 5950 from Rs 5650
- Safflower - Rs 5940 from Rs 5800
LIVE: Cabinet Briefing by Union Minister @AshwiniVaishnaw @PIB_India https://t.co/e9lxIrQ4Vy
— Ministry of Information and Broadcasting (@MIB_India) October 16, 2024
The increase in MSP for mandated Rabi Crops for Marketing Season 2025-26 is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of at least 1.5 times of the All-India weighted average cost of production.
The expected margin over all-India weighted average cost of production is 105 per cent for wheat, followed by 98 per cent for rapeseed and mustard; 89 per cent for lentil; 60 per cent for gram; 60 per cent for barley; and 50 per cent for safflower. This increased MSP of rabi crops will ensure remunerative prices to the farmers and incentivise crop diversification.
Govt approves Rs 35,000 crore for PM Annadata Aay Sanrakshan Abhiyan
The government on Wednesday approved Rs 35,000 crore for PM Annadata Aay Sanrakshan Abhiyan (PM-AASHA) with an aim to provide remunerative price to farmers as well as stabilisation of market price for consumers.
The decision was taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi, informed Union Minister Ashwini Vaishnaw. Giving details, the minister said the scheme is aimed at protecting farmers from distress sale during peak harvesting time.
It will promote self-sufficiency in the production of pulses, oilseeds and other essential agri-horticulture commodities, increase farmers income and protect consumers' interest.
Comment List