In his Mann ki Baat address to the nation on 30th May, 2021, Prime Minister Shri Narendra Modi appreciated the fact that the farmers received "more than the minimum support price (MSP) for mustard" pertaining to the rabi production. One can easily guess from this statement of the PM that the mustard growers in Haryana (and elsewhere) preferred to sell their produce to private traders in the open market instead...
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Centre announces hike in MSP for paddy, pulses, oilseeds -Priscilla Jebraj
-The Hindu Farmer groups unhappy with the increase in paddy price. The Central government has hiked the minimum support price (MSP) for common paddy to ₹1,940 a quintal for the coming kharif season, less than 4% higher than last year’s price of ₹1,868. The decision was taken by the Cabinet Committee on Economic Affairs on Wednesday. In a bid to encourage crop diversification, there were slightly higher increases in the MSP for pulses, oilseeds...
More »CCEA nod for sharp hike in MSP for pulses, oilseeds
-The Hindu Cabinet also extended the repayment date for standard short-term loans upto ₹3 lakh for agriculture and allied activities, till August 31, 2020. The Cabinet Committee on Economic Affairs (CCEA) on Monday approved an increase in the minimum support prices (MSPs) for all mandated kharif crops, including paddy, pulses and cotton, for the 2020-21 marketing season. The Union Cabinet also extended the repayment date for standard short-term loans upto ₹3 lakh for...
More »Making agriculture future ready: How Modi's 'Gram Sadak' scheme is helping
-Financial Express Prime Minister Narendra Modi’s road building scheme for rural India could also hold a key towards uplifting farm economy. FM in her budget announcement said that the centre will “encourage” state governments if they implement reforms for agriculture. Prime Minister Narendra Modi’s road building scheme for rural India could also hold a key towards uplifting farm economy. Under the third phase of PMGSY (Pradhan Mantri Gram Sadak Yojana), the government...
More »Minimum support prices for winter crops up 5-7%
-Financial Express Robust production doesn't necessarily boost farmers' earnings. In the case of many crops, including oilseeds and pulses, the procurement levels are crucial and even the price support scheme sans procurement doesn't seem to be working on the groun The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved modest increases of 5-7% in the minimum support prices (MSP) for rabi crops for the 2019-20 season. Even as the winter sowing...
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