Cabinet approves increase in MSP of Kharif Crop, including other farmer welfare steps
Wednesday - July 4, 2018 4:52 pm ,
Category : INDIA
Giving a major boost for the farmers’ income, the Cabinet Committee on Economic Affairs(CCEA) chaired by Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSPs) for all kharif crops for 2018-19 Season.
The decision of the CCEA is targeting increase in famers income as it redeems the promise of the pre-determined principle of fixing the MSPs at a level of at least 150 percent of the cost of production announced by the Union Budget for 2018-19. The Commission for Agricultural Costs and Prices (CACP) has recommended MSPs for all kharif crops broadly in line with the announced principle.
Paddy 1750 per quintal
Maize Rs 1700 per quintal
Cotton Rs. 5150 per quintal
Sunflower seeds Rs 5388 per quintal
Soyabean Rs. 3399 per quintal
Sesamum Rs 6249 quintal
#Cabinet takes historic decision: increases #MSP for #Kharif Crops to
— PIB India (@PIB_India) July 4, 2018
Paddy 1750 per quintal
Maize Rs 1700 per quintal
Cotton Rs. 5150 per quintal
Sunflower seeds Rs 5388 per quintal
Soyabean Rs. 3399 per quintal
Sesamum Rs 6249 quintal#DoublingFarmersIncome pic.twitter.com/5Xa796GE9G
Besides increase in Minimum Support Prices (MSP) of kharif crops, Government has also taken several farmer friendly initiatives like:
Government has also launched a Mobile App "Crop Insurance" which will help farmers to find out complete details about insurance cover available in their area and to calculate the insurance premium for notified crops.
Under Paramparagat Krishi Vikas Yojana (PKVY), the Government is promoting organic farming and development of potential market for organic products.
The Government has also launched a scheme to develop a pan India electronic trading platform under 'National Agriculture Market' (NAM) aiming to integrate 585 regulated markets with the common e-market platform in order to facilitate better price discovery and ensure remunerative prices to farmers.
Soil Health Cards are being issued to farmers across the country. These will be renewed every two years. The card provides information on fertility status of soil and a soil test based advisory on use of fertilizers.
Pradhan Mantri Krishi Sinchai Yojana is being implemented with the vision of extending the coverage of irrigation 'HarKhetkoPani' and improving water use efficiency 'Per Drop More Crop ' in a focused manner with end to end solution on source creation, distribution, management, field application and extension activities.
Government is encouraging formation of Farmer Producer Organisations. The Budget for 2018-19 has extended a favourable taxation treatment to Farmer Producers Organisations (FPQs) for helping farmers aggregate their needs of inputs, farm services, processing and sale operations.
A handbook for women farmers 'Farm Women Friendly Hand Book' containing special provisions and package of assistance which women farmers can claim under various on going Missions/ Submissions/ Schemes of Department of Agriculture, Cooperation & Farmers Welfare has been brought out.
-Window To News with inputs from PIB
