HomeBusinessUnion Cabinet Clears Hike In Minimum Support Price For Rabi Crops

Union Cabinet Clears Hike In Minimum Support Price For Rabi Crops

Union Cabinet Clears Hike In Minimum Support Price For Rabi Crops

The Union Cabinet has accepted hike in minimal assist worth of Rabi crops

The Union Cabinet on Wednesday accepted the rise in minimal assist worth (MSP) of Rabi crops, underneath which the very best absolute improve in MSP has been advised for lentil (masur) in addition to rapeseeds and mustard (Rs 400 per quintal every).

Some different crops for which MSP has been hiked are gram (Rs 130 per quintal), safflower (Rs 114 per quintal), wheat and barley (Rs 40 and Rs 35 per quintal respectively). 

Government has elevated the MSP of Rabi crops for Rabi advertising season 2022-23, to make sure remunerative costs to the growers for his or her produce and is in line with the Union Budget 2018-19 announcement of fixing the MSPs at a stage of no less than 1.5 instances of the all-India weighted common price of manufacturing.

The anticipated returns to farmers over their price of manufacturing are estimated to be highest in case of wheat and rapeseed & mustard (100 per cent every), adopted by lentil (79 per cent), gram (74 per cent), barley (60 per cent) and safflower (50 per cent).

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments