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MSP for Rabi crops increased by Modi government for 2022-23

New Delhi – The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi crops for Rabi Marketing Season (RMS) 2022-23.

Government has increased the MSP of Rabi crops for 2022-23 to ensure remunerative prices to the growers for their produce. The highest absolute increase in MSP over the previous year has been recommended for Lentil (Masur) and Rapeseeds and Mustard at Rs 400 per quintal each, followed by gram with an increase of Rs.130 per quintal in MSP. In case of safflower, there has been an increase of Rs 114 per quintal in MSP. The differential remuneration is aimed at encouraging crop diversification.

The increase in MSP for Rabi Crops for 2022-23 is in line with the Union Budget 2018-19 announcement of fixing the MSPs at a level of at least 1.5 times of the all-India weighted average cost of production, aiming a reasonably fair remuneration for the fanners.

The expected returns to farmers over their cost of production are estimated to be highest in case of wheat and rapeseed and mustard  is 100 percent each followed by lentil at 79 percent, gram  at 74 percent, barley 60 percent and safflower at the rate of 50 percent.

The Union Minister for Information & Broadcasting, Youth Affairs and Sports, Shri Anurag Singh Thakur along with the Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal holding a press conference on Cabinet Decisions, in New Delhi on September 08, 2021. The Minister of State for Textiles and Railways, Smt. Darshana Vikram Jardosh and the Principal Director General (M&C), Press Information Bureau, Shri Jaideep Bhatnagar are also seen.

Concerted efforts were made over the last few years to realign the MSPs in favour of oilseeds, pulses and coarse cereals to encourage farmers shift to larger area under these crops and adopt best technologies and farm practices, to correct demand — supply imbalance.

Additionally, National Mission on Edible Oils-Oil Palm (NMEO-OP), Centrally Sponsored Scheme recently announced by the government, will help in increasing the domestic production of edible oils and reduce imports dependency. With the total outlay of Rs.11,040 crore, the scheme will not only aid in expanding area and productivity of the sector, but also benefit the farmers by increasing their income and generation of additional employment.

The Umbrella Scheme ‘Pradhan Mantri Annadata Aay SanraksHan Abhiyan’ (PM-AASHA) announced by the government in 2018 will aid in providing remunerative return to farmers for their produce. The Umbrella Scheme consists of three sub-schemes i.e. Price Support Scheme (PSS), Price Deficiency Payment Scheme (PDPS) and Private Procurement & Stockist Scheme (PPSS) on a pilot basis.

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