Cabinet hikes MSP on wheat by Rs 40 to Rs 2,015 per quintal
NEW DELH: The Union Cabinet on Wednesday hiked the minimum supoort price (MSP) on wheat by Rs 40 to Rs 2,015 per quintal for the current crop year.
MSP is the rate at which the go nment buys the grain from farmers. Currently, the go nment fixes MSPs for 23 crops grown in both kharif and rabi seasons.
The world's second biggest wheat producer, India sets a price each year to prect domestic farmers from distress sales and stock grain for emergency needs. It also uses grain to sell food to the poor at low prices.
The highest absolute increase in MSP over the previous year has been recommended for lentil and rapeseeds & mustard at Rs 400 per quintal for each followed by gram at Rs 130 per quintal.
In all, the cabinet approved MSP hike for six rabi crops for the 2021-22 crop year (July-June) and 2022-23 marketing season.
Sowing of rabi (winter) crops begins from October immediately after the harvest of kharif (summer) crops. Wheat and mustard are major rabi crops.
Meanwhile, thousands of farmers who have been presting ag inst the three new agricultural law since a long time now have said that the MSP hike is not enough to cover the cost of cultivation, news agency Reuters reported.
Joke when diesel and fertilizer price hiked enormously govt just hike rs40
Your Ideas are like Duplicate Gundhi Pappu, Crops does not grow 100% on Diesel or Fuel, ratio of impact on Agriculture may be mamum 10%
Dr. Carmo Costa-Viegas
Subsidies of ALL sorts have to be done away with .
These farmers rich or poor get full benefits of the govt schemes while it should go only to the poor
... Even celebrities & rich po itician r farmers... Don't pay tax
Rich farmers don't do farming for a living.
Rajesh. C. Bhatnagar
Govt must impose Income Tax on Agriculture income after a certain minimum landholding . At the end it is the honest middle class which has to bear the brunt of taxes and high food prices !!
how much tax you're paying uncle?
Dr Vidyadhar Yellutla
Farmers are firmly behind Modi. Let Priyanka Robber Vadra steal entire Maharshtra tax payers money and pay Rakesh Thikka-yet, farmers are not going to trust.
its good for the farmers no bichoulis direct into farmers account
All hogwash. Only 9% of all foodgrains across the whole country purchased at MSP.
Great decision by Modi go nment
Jai Ho UP Elections.
Wheat and mustard. Election gimmick.
Master stroke by Modi go nment.all farmers are happy
ion coming so roll out such carrots to farmers
Modi govt’s Rs 6-lakh-crore Asset Monetisation Plan it’s good for India’s po itical economy
Purchasing wheat from zimbabwe is cher than India
MSP should be scrapped from Punjab, Haryana.
MSP is not the only income of Farmers. Lot of other subsidy they are getting like Rs. 6000/- per year 50% subsidy on purchase of tractors and Equipment, free water from Canal (Where's available), subsidy on Urea, and lot others.
Go nment showing lollypops
to farmers to break there peaceful prest ag inst repealing farm laws.
Why only Wheat because of the ions. What about other farm produces, the price for the others is not changing why