Modi govt hikes MSP for paddy by Rs 200. Here’s details for kharif crops
New Delhi: In a bid to fulfil poll promise to increase farmers’ income, the Union cabinet today hiked the Minimum Support Price (MSP) for paddy by Rs 200 per quintal just a year before next general elections.
The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved the increase in the MSPs for all kharif crops for 2018-19 Season to provide farmers a profit of 50 per cent over the cost of production.
Addressing the media, Union Minister Rajnath Singh said the cabinet had taken the “historic” decision to give MSP of 1.5 times on the input cost to farmers, which will be a “big boost” to the economy.
The MSPs for all kharif crops of 2018-19 season have been increased as follows: (Rs/quintal)
| Commodity
|
Variety
|
MSP for 2017-18 Season
|
MSP approved for 2018-19 Season
|
Increase
|
Return*over cost in percent
|
|
| Absolute
Absolute
|
Percentage
|
|||||
| Paddy
|
Common
|
1550
|
1750
|
200
|
12.90
|
50.09
|
| Grade A
Grade A
|
1590
|
1770
|
180
|
11.32
|
51.80
|
|
| Jowar
|
Hybrid
|
1700
|
2430
|
730
|
42.94
|
50.09
|
| Maldandi
Maldandi
|
1725
|
2450
|
725
|
42.03
|
51.33
|
|
| Bajra
|
–
|
1425
|
1950
|
525
|
36.84
|
96.97
|
| Ragi
|
–
|
1900
|
2897
|
997
|
52.47
|
50.01
|
| Maize
|
–
|
1425
|
1700
|
275
|
19.30
|
50.31
|
| Arhar(Tur)
|
–
|
5450
|
5675
|
225
|
4.13
|
65.36
|
| Moong
|
–
|
5575
|
6975
|
1400
|
25.11
|
50.00
|
| Urad
|
–
|
5400
|
5600
|
200
|
3.70
|
62.89
|
| Groundnut
|
–
|
4450
|
4890
|
440
|
9.89
|
50.00
|
| Sunflower Seed
|
–
|
4100
|
5388
|
1288
|
31.42
|
50.01
|
| Soyabean
|
–
|
3050
|
3399
|
349
|
11.44
|
50.01
|
| Sesamum
|
–
|
5300
|
6249
|
949
|
17.91
|
50.01
|
| Nigerseed
|
–
|
4050
|
5877
|
1827
|
45.11
|
50.01
|
| Cotton
|
Medium Staple
|
4020
|
5150
|
1130
|
28.11
|
50.01
|
| Long Staple
|
4320
|
5450
|
1130
|
26.16
|
58.75
|
|
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