Centre increases MSP of paddy, Kharif crops

New Delhi: The Central government on Wednesday approved an increase in minimum support prices (MSP) for all Kharif crops for 2019-20 season, a move that will lead to increased investment and production through assured remunerative prices to the farmers.
The decisions were taken at a meeting of Cabinet Committee on Economic Affairs (CCEA).
For the Kharif crops, the MSP of paddy (common) has been increased from Rs 1,750 in 2018-19 to Rs 1,815 per quintal in the current fiscal, paddy (Grade A) form Rs 1,770 to Rs 1,835.
MSP for soybean has been hiked by Rs 311 per quintal, sunflower by Rs 262 per quintal and sesamum by Rs 236 per quintal. The MSP of tur dal has been increased by Rs 125 per quintal and urad dal by Rs 100 per quintal.
This will help address the issues related to the requirement of pulses in view of the need to meet the nutritional security and protein requirements of a large section of the population. The MSP of jowar has been hiked by Rs 120 per quintal.
In the case of ragi, MSP has been hiked by Rs 253 per quintal. This will promote the cultivation and consumption of nutrient-cereals. Besides, India celebrated 2018 as the National Year of Millets. Food and Agriculture Organisation (FAO) Council has approved India’s proposal to observe an International Year of Millets in 2023.