Janjivan Bureau / New Delhi : Narendra Modi Government today hiked the minimum support price for paddy by 200 rupees per quintal Today. The Cabinet Committee on Economic Affairs also approved the increase in MSP of 14 Kharif crops.
Briefing media in New Delhi after the meeting of the Union Cabinet, Home Minister Rajnath Singh said, the MSP of paddy (common grade) has been increased by 200 rupees to 1,750 rupees per quintal, while that of Grade A variety by 180 rupees per quintal to 1,750 rupees. MSP of Moong increased by 1400 rupees per quintal to 6975 rupees.
According to sources, the MSP of paddy (common grade) has been increased by Rs 200 to Rs 1,750 per quintal, while that of Grade A variety by Rs 160 per quintal to Rs 1,750.
The MSP of paddy (common) was Rs 1,550 per quintal and Rs 1,590 per quintal for paddy (grade A) variety.
The MSP of cotton (medium staple) has been increased to Rs 5,150 from Rs 4,020 and that of cotton (long staple) to Rs 5,450 from 4,320 per quintal.
In pulses, tur MSP has been raised to Rs 5,675 per quintal from Rs 5,450, and that of moong to Rs 6,975 per quintal from Rs 5,575. Urad MSP has been hiked to Rs 5,600 from Rs 5,400 per quintal.
Hike in paddy MSP will increase the food subsidy bill by over Rs 11,000 crore based on procurement figure of the 2016-17 marketing year (October-September).
The MSP of medium staple cotton has been increased to 5,150 rupees from 4,020 rupees and that of long staple cotton to 5,450 rupees from 4,320 rupees per quintal.
In pulses, MSP of Tur has been raised by 225 ruppese to 5,675 rupees per quintal from 5,450 and that of Moong to 6,975 per quintal from 5,575 rupees. Urad MSP has been hiked by 200 rupees to 5,600 from 5,400 rupees per quintal.
Prime Minister Narendra Modi had assured farmers during an interaction last Friday that the Centre will approve the higher Minimum Support Price for Kharif crops. Paddy is the main kharif crop, the sowing of which has already begun with the onset of southwest monsoon.
