Business

MSP Hike: Big gift to farmers, MSP of 14 crops increased, minimum support price of paddy increased by Rs 100 to 2,040

Photo:PTI

MSP Hike

Highlights

  • For the third time in a row since 2020, the government increased the MSP of Kharif crops
  • Paddy MSP increased from Rs 1,940 per quintal to Rs 2,040 per quintal
  • Sesame MSP increased by Rs 523 and tur dal by Rs 300

The government has given the gift of MSP to the farmers. The government has announced an increase in the Minimum Support Price (MSP) of 14 Kharif crops. The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi approved the increase in MSP for all mandatory Kharif (summer) crops for the 2022-23 crop year.

Union Minister Anurag Thakur said that the MSP of paddy (general) has been increased by Rs 100 from last year. After this, the MSP of paddy has increased from Rs 1,940 per quintal to Rs 2,040 per quintal. The support price of ‘A’ grade variety of paddy has been increased from Rs 1,960 to Rs 2,060 per quintal. Let us inform that for the third time in a row since 2020, the government has increased the MSP of Kharif crops.

Which crops increased by how much MSP












Crop MSP (per quintal)
moong 480
urad 300
Rice 100
Groundnut 300
Millet 100
tur 300
High tide 232
Sunflower 385

Giving information about the decisions of the cabinet meeting on Wednesday, Anurag Thakur said that the minimum support price of sesame has been increased by Rs 523. At the same time, the MSP of tur and urad dal has been increased by Rs 300.

Paddy is the main crop of Kharif, sowing of which has started. The Meteorological Department has forecast a normal monsoon for the June-September period.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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