Tomar outlines benefits of MSP to farmers in Rajya Sabha

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New Delhi: Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar on December 3, 2021, outlined benefits of Minimum Support Price (MSP) to farmers in the Rajya Sabha.

In a written reply, Tomar said that Government announces MSP to ensure remunerative prices to the growers for their produce and encourage higher investment and production.

“The Government in its Union Budget for 2018-19 had announced the pre-determined Principle to keep MSP at levels of one and half times of the cost of production. Accordingly, Government has increased the MSP for all mandated Kharif, Rabi and other commercial crops with a return of at least 50 per cent over all India weighted average cost of production from the agricultural year 2018-19 onwards,” he informed.

The Minister further added that the cost of production is one of the important factors in the determination of MSP.

“While recommending its price policy, the CACP considers all costs in a comprehensive manner. CACP projects the cost of cultivation for the current year on the basis of the Composite Input Price Index (CIPI) which measures the change in input price over the previous year.   The CIPIs are based on latest prices of major inputs like human labour, bullock labour, machine labour, fertilisers and manures, seeds, pesticides and irrigation as per data available from different ministries/ departments.”

Over 894.19 LMT of paddy was procured on MSP for Kharif Marketing Season (KMS) 2020-21, as against 770.93 LMT of the corresponding figure last year, benefitting about 131.13 lakh farmers, Tomar said.

Around 433.44 LMT wheat was procured for Rabi Marketing Season (RMS) 2021-22, against the last year corresponding purchase of 389.93 LMT, benefitting about 49.20 Lakh farmers, he added.                      

According to the Minister, the Centre through its nodal agencies has procured 8.37 LMT of Pulses and Oilseeds having an MSP value of Rs. 4,65,688.44 lakh benefitting about  5.28 lakh farmers as of November 27, 2021.

Tomar also said that the Government has taken a “multi-pronged approach” to increase the farmer’s income and has been implementing/reorienting various schemes for the same which include Soil Health Card (SHC), Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), e-NAM, Pradhan Mantri Fasal Bima Yojana (PMFBY), Pradhan Mantri Annadata Aay Sanrakshan Abhiyan’ (PM-AASHA) among others. (Press Release)

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