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Gift to farmers on Diwali, Modi government increased MSP on 6 Rabi crops including wheat and gram –

by Aaryan Srivastav
October 16, 2024
Gift to farmers on Diwali, Modi government increased MSP on 6 Rabi crops including wheat and gram - India TV Hindi

Photo:FILE The increase in MSP for essential Rabi crops for marketing year 2025-26 is as announced in the Union Budget 2018-19.

There is good news for farmers. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the increase in the Minimum Support Price (MSP) for all essential Rabi crops for the marketing year 2025-26. Union Minister Ashwini Vaishnav announced this decision after the cabinet meeting held on Wednesday. According to ANI news, the government has increased the minimum support price for Rabi crops to ensure remunerative prices to producers for their produce. This will benefit lakhs of farmers across the country. He will be able to sell his crop at a reasonable price.

For the highest growth rapeseed and mustard

According to the news, the highest increase in MSP has been announced for rapeseed and mustard at Rs 300 per quintal and for lentils at Rs 275 per quintal. The prices for gram, wheat, safflower and barley have been increased by Rs 210 per quintal, Rs 150 per quintal, Rs 140 per quintal and Rs 130 per quintal respectively. The increase in MSP for essential Rabi crops for marketing year 2025-26 is in line with the announcement in the Union Budget 2018-19, wherein the MSP was announced to be fixed at a level of at least 1.5 times the all India weighted average cost of production. Is.

Expected margin for wheat is 105 percent

The expected margin on all India weighted average production cost is 105 per cent for wheat, followed by 98 per cent for rapeseed and mustard; 89 percent for lentils; 60 percent for gram; 60 percent for barley; And for safflower it is 50 percent. This increased MSP of Rabi crops will ensure remunerative prices to farmers and encourage crop diversification.

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