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.
The Centre on Wednesday took some key decisions like approving of hike in MSP for Kharif crops and allocating 5 MHz spectrum in 700 MHz frequency for Railways.
New Delhi, June 9
The Centre on Wednesday increased the Minimum Support Price of all mandated Kharif crops for marketing season 2021-22.
The price of common grade paddy has been increased from Rs 1,868 a quintal to Rs 1,940 a quintal, a rise of Rs 72 a quintal. For grade A the support price has been increased from Rs 1,888 a quintal to Rs 1,960 a quintal, again an increase of Rs 72 per quintal.
Elaborating the decisions by the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi, Agriculture Minister Narendra Singh Tomar said the Centre always said that the MSP will remain and the increase in support prices for Kharif crops is proof of that commitment.
Read more about Union Cabinet approves increase in MSP for kharif crops for 2021-22 on Business Standard. Govt hikes paddy MSP by Rs 72 to Rs 1,940 per quintal for 2021-22 crop year from Rs 1,868 per quintal last year
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PM Modi Approves Increase In MSPs Of Mandated Kharif Crops For Marketing Season 2021-22
Good news to the Kharif crop growers as the Cabinet Committee on Economic Affairs approved the increase in the MSPs for marketing season 2021-22
Credit: PTI/ANI
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 mandated Kharif crops for marketing season 2021-22. To ensure remunerative prices to the growers for their produce, the government has increased the MSP of Kharif crops for marketing season 2021-22.
Minimum Support Price increase of various Kharif crops