The Central government has raised the Minimum Support Price (MSP) for a variety of spring crops, increasing to 62%, in line with the policies in order to provide farmers with at least 50% of the profits of the growing costs, the agriculture minister Narendra Singh Tomar said in a media briefing on Wednesday.
The government tends to raise the Minimum Support Price of the crops two more times a year, once more in a season before the onset of winter crops and rabi, and for the second time in the summer of kharif season, which usually starts in the month of June.
MSP is a federally-determined floor price for crops which focuses to avoid distress sale by signalling a minimum rate for the traders.. The state, through the State-owned Food corporation of India, large quantities of grain, the farmers of the commandments of the and to distribute among them, the borrower, through the state distribution system.
The MSP value raise which tend to be of great benefit, grain producers, is happening in the middle of an ongoing protest by the farmers, who want the government to repeal the three agricultural by-laws, which will be introduced in the Modi Government.
The Agricultural Minister said that the government has closed the door to negotiate with the farmers, trade unions, and are ready to have a chat with them. “We had 11 rounds of talks. We want the farmers to point out specific objections in the legislations. Neither any Opposition leader in the House (Parliament) nor farmers could come up with anything specific,” Agricultural Minister Tomar stated.
The important crops on which the MSP for paddy increased by 1,868, the yen, to 1,940 quintal per other attractions, while those in the coarse barley, jowar, and bajra rose to 118 to 2,738 and 2,250 respectively. The price of the beans urad has been greatly increased by 300 quintals, and the 6300 yen per other attractions.
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