Insta
Diwali Bonanza For Farmers: PM Modi-Led Cabinet Announces Decision To Hike MSP For Rabi Crop
IANS
Oct 23, 2019, 06:46 PM | Updated 06:46 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
In a Diwali gift to farmers, the government on Wednesday (23 October) increased the minimum support price (MSP) of Rabi crops.
The decision was taken by the Cabinet chaired by Prime Minister Narendra Modi. Information Minister Prakash Javedkar told reporters here that to increase farmers' incomes, the cabinet has decided to hike the MSP for Rabi crops for the marketing season 2020-21.
As per the decision, the MSP of wheat has been increased by Rs 85 per quintal. The new rate of wheat is Rs 1,925 per quintal.
The MSP of barley has also been increased by Rs 85 per quintal. The new rate of barley is Rs 1,525 per quintal.
The rates of rapeseed and mustards have both been increased by Rs 225 to bring the new price to Rs 4,425 per quintal.
In making the move to benefit all categories of farmers, the MSP of gram has been increased to Rs 255 per quintal and the new rate is Rs 4,875 per quintal.
The safflower MSP has been increased by Rs 270 and the new MSP is Rs 5,215 per quintal.
The MSP of lentil is increased by Rs 325 and the new rate is Rs 4,800 per quintal.
India has two major crop seasons -- Rabi and Kharif. The Rabi crops are sown from October to March and harvested in and around April. Wheat is the major Rabi crop.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.