The Cupboard Committee on Financial Affairs, chaired by PM Narendra Modi, authorized MSP of Rs 1,868 per quintal for paddy (frequent), which is simply Rs 53 (or 2.92 per cent) larger than final yr’s Rs 1,815.

Praising farmers for the bumper agriculture manufacturing, the Union authorities on Monday marginally elevated minimal assist value (MSP) of greater than a dozen crops for Kharif Advertising Season (KMS) 2020-21, with paddy MSP seeing a rise of lower than three per cent over KMS 2019-20.

The Cupboard Committee on Financial Affairs, chaired by PM Narendra Modi, authorized MSP of Rs 1,868 per quintal for paddy (frequent), which is simply Rs 53 (or 2.92 per cent) larger than final yr’s Rs 1,815.

Briefing the media after the Cupboard assembly, Agriculture Minister Narendra Singh Tomar mentioned, “Primarily based on suggestion of the Fee for Agricultural Prices and Costs (CACP), the Union Cupboard has authorized MSP of 14 crops.”

Moong has seen the bottom improve in proportion phrases — 2.07. The MSP for moong has been fastened at Rs 7,196 per quintal for KMS 2020-21 in opposition to Rs 7,050 per quintal in KMS 2019-20.

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