The Cabinet Committee on Economic Affairs, headed by Prime Minister Narendra Modi, increased the MSP of paddy marginally by Rs 72 per quintal to Rs 1,940 per quintal for the 2021-22 crop year
Govt hikes paddy MSP by Rs 72/qtl to Rs 1,940 for 2021-22 crop year
SECTIONS
Govt hikes paddy MSP by Rs 72/qtl to Rs 1,940 for 2021-22 crop yearPTI
Last Updated: Jun 09, 2021, 04:28 PM IST
Share
Synopsis
Paddy is the main kharif crop, the sowing of which has begun with the onset of the Southwest monsoon. The Met Department has projected a normal monsoon for the June-September period.
Agencies
The Cabinet has approved an increase in the MSP of paddy (common variety) to Rs 1,940 per quintal for the 2021-22 crop year (July-June) from Rs 1,868 per quintal in the year-ago period.
The government on Wednesday raised the minimum support price (MSP) of paddy marginally by Rs 72 per quintal to Rs 1,940 per quintal for the 2021-22 crop year, while the rates of other kharif crops were also hiked.
New Delhi [India], June 9 (ANI): In a bid to increase the farmers' income, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved an increase in the Minimum Support Prices (MSPs) for all mandated Kharif crops for marketing season 2021-22.
India News: NEW DELHI: The Centre on Wednesday announced new minimum support price of 14 kharif (summer sown) crops, giving a hike of Rs 72 per quintal to the mos.