Monday, January 24, 2022

Increase in MSP | Great Focus on Farmers’ Welfare

“If you give me rice, I’ll eat today; if you teach me how to grow rice, I’ll eat every day”. This well-known quote itself sums up the role of a farmer. In order to support the annadata of our country, the government has undertaken several progressive measures that have revolutionized the face of Indian Agriculture.

In another encouraging step, the Union Cabinet has approved the increase in the Minimum Support Prices or MSP for all mandated Rabi crops for Rabi Marketing Season 2022-23. The decision is in line with the Union Budget 2018-19 announcement of fixing the MSPs at a level of at least 1.5 times the all-India weighted average cost of production, thus, ensuring remunerative prices to the growers for their produce.

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