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Minimum Support Price (MSP) News
Minimum Support Price (MSP)
Cabinet approves hike in MSP for all Kharif crops of 2019-20 season; Check details
Wed, Jul 03, 2019
For the kharif crops of 2019-20, government has increased the MSPs of soyabean by Rs 311 per quintal, sunflower by Rs 262 per quintal and sesamum by Rs 236 per quintal which is a major step towards increasing the income of farmers.
Budget 2019: Good news for farmers, Modi government mulling to address MSP issue
Thu, Jan 10, 2019
So, core committee on agriculture at the Niti Aayog has recommended the government of Indian to pare the losses incurred by the farmers after selling their crops below MSP." Chaudhary said that we have submitted this proposal to the secretary agriculture and expecting a positive response from the government in this regard.
Government rice procurement reaches 238.8 lakh tons so far
Mon, Dec 31, 2018
Procurement is undertaken by state-run Food Corporation of India (FCI) and state agencies for the central pool to meet the requirement of food security law. Rice is purchased at the minimum support price (MSP).
PM-AASHA: New scheme is repackaged, will not benefit much
Mon, Sep 17, 2018
The government had claimed that the new rates represented the steepest ever increase in MSP since the country gained Independence. The hikes were aimed at offering farmers a 150% return on their input costs on each crop and input costs that include heads such as household labour. In some cases, the government offered well above the promised 50% over input cost price, in one case it offered over 90% of the input cost price.
Govt mulling Rs 500cr market assurance scheme to help farmers
Sun, Feb 04, 2018
The proposed scheme will strengthen procurement and ensure farmers do not suffer from marketing inefficiencies
Govt may hike MSP for pulses, bonus for farmers
Mon, Jul 11, 2016
In a move to control rising pulse prices that have neared Rs 200 per kilogram, the central government on Monday decided to set up a committee to relook at the minimum support price (MSP) and bonus to promote pulse cultivation.
Govt hikes minimum support price of pulses by Rs 425 per quintal
Wed, Jun 01, 2016
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, has given its approval for the hike in the MSPs for all Kharif crops of the 2016-17 season.