New Delhi. The Modi cabinet has given a big gift on Wednesday. The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved an increase in the Minimum Support Price (MSP) for all mandatory kharif crops for the marketing season 2022-23, from around 47 to 130 per cent. higher than in 2014-15. Information and Broadcasting Minister Anurag Thakur told reporters after the cabinet meeting, “The government has increased the MSP of Kharif crops for the marketing season 2022-23, to ensure remunerative price to the growers for their produce and encourage crop diversification. To be.” The MSP for normal and paddy grade A of paddy has been reduced to Rs 2,040 and Rs 2,060 per quintal as compared to Rs 1,940 and Rs 1,960 respectively in the marketing season 2021-22.
It has been decided in the cabinet meeting today that the price of sesame will increase by Rs 523. There will be an increase of Rs 480 per quintal on moong. 358 per quintal on sunflower. Rs 300 hike on groundnut…: Union Minister Anurag Thakur pic.twitter.com/cyO06uxiVg
— ANI_HindiNews (@AHindinews) June 8, 2022
He said that in 2014-15, the MSP for this was Rs 1,360 and Rs 1,400 per quintal, which shows an increase of 50 per cent and 47.14 per cent, respectively, from that year to the current year. Similarly, for jowar (hybrid) and jowar (Maldandi), this year’s rates are Rs 2,970 and Rs 2,990 per quintal, respectively, as against Rs 2,738 and Rs 2,758 per quintal in 2021-22. This is 94.11 per cent and 92.90 per cent higher than the prices of Rs 1,530 and Rs 1,550 per quintal, respectively, in 2014-15.
For cereals like bajra, ragi and maize, the new MSP rates announced were Rs 2,350, Rs 3,578 and Rs 1,962 respectively, as against Rs 2,250, Rs 3,377 and Rs 1,870 per quintal last year, respectively. This is 88 per cent, 130.80 per cent and 49.77 per cent higher than the 2014-15 prices of Rs 1,250, Rs 1,550 and Rs 1,310, respectively. Ragi, a major crop of millet species, is being promoted as the United Nations has declared the year 2023 as the International Year for Millet.
Masoor, tur, moong and urad have been assured MSPs of Rs 6,600, Rs 7,755 and Rs 6,600, respectively, while the MSPs for 2021-22 are Rs 6,300, Rs 7,275 and Rs 6,300, respectively. The government claimed that these prices are 51.72 per cent, 68.58 per cent and 51.72 per cent higher than the 2014-15 prices of Rs 4,350, Rs 4,600 and Rs 4,350 respectively.
Among oilseeds, groundnut, sunflower seed, soybean (yellow), sesame and nigerseed were given an increased MSP of Rs 5,850, Rs 6,400, Rs 4,300, Rs 7,830 and Rs 7,287 respectively as compared to Rs 5,550 for 2021-22 Is. Rs 6,015, Rs 3,950, Rs 7,307, Rs 6,930 per quintal. Compared to Rs 4,000, Rs 3,750, Rs 2,560, Rs 4,600 and Rs 3,600 per quintal in 2014-15, this year’s prices are higher by 46.25 per cent, 70.67 per cent and 67.96 per cent, 70.21 per cent and 102.42 per cent, respectively. The proposed MSPs for cotton (medium staple) and cotton (long staple) are Rs 6,080 and Rs 6,380, respectively, compared to Rs 5,726 and Rs 6,025 for 2021-22 in 2014-15 and Rs 3,750 and Rs 4,050 respectively. in more.