Big gift to farmers of Modi cabinet, increase in MSP of Kharif crops

Pankaj Prasad
Anurag Thakur
Anurag Thakur

This year agriculture budget is 1.26 lakh crores.

Union Cabinet Decisions: The Narendra Modi government at the Center on Wednesday approved a proposal to increase the Minimum Support Price for 17 crops, including 14 Kharif crops. Union Minister Anurag Thakur informed about the decision of the cabinet. He said that while fixing the MSP of Kharif crops for the year 2022-23, full care was taken that farmers should get support price 1.5 times the cost of production.

Crores of farmers will benefit

He said that crores of farmers of the country will be benefited by the decision of the cabinet taken under the chairmanship of Prime Minister Narendra Modi. He told that the support price of sesame has been increased by Rs 523. He claimed that the Modi government has fulfilled all the promises made to the farmers. This is the reason why the budget for agriculture has increased to Rs 1.26 lakh crore.

Paddy, wheat procurement has increased on MSP

The payment of MSP for paddy from 2007 to 2014 was Rs 2.58 lakh crore, which increased to Rs 7.43 lakh crore. Wheat was procured at Rs 1.99 lakh crore at MSP from 2007 to 2014, which has now increased to Rs 3.65 lakh crore in 2014-21. Anurag Thakur said that till 2014, 1.51 lakh metric tonnes of pulses were procured, which has now increased to 112.63 lakh metric tonnes.

Crop MSP 2014-15 MSP 2021-22 MSP 2022-23 Production Cost* 2022-23 Increase in MSP (Net) Profit on Cost of Production 2022-23 (in Percentage)

Paddy (General) 1360 1940 2040 1360 100 50
Paddy (Grade A)^ 1400 1960 2060 - 100 -
Jowar (hybrid) 1530 2738 2970 1977 232 50
Tide (Maldandi)^ 1550 2758 2990 - 232 -
Millet 1250 2250 2350 1268 100 85
ragi 1550 3377 3578 2385 201 50
Maize 1310 1870 1962 1308 92 50
Tur (tur) 4350 6300 6600 4131 300 60
moong 4600 7275 7755 5167 480 50
urad 4350 6300 6600 4155 300 59
Groundnut 4000 5550 5850 3873 300 51
sunflower seeds 3750 6015 6400 4113 385 56
soybeans (yellow) 2560 3950 4300 2805 350 53
Mole 4600 7307 7830 5220 523 50
Ramtil 3600 6930 7287 4858 357 50
cotton (medium fiber) 3750 5726 6080 4053 354 50
Cotton (long fibre)^ 4050 6025 6380 - 355 -

Modi government took many decisions in the interest of farmers

Anurag Thakur said that the government led by Prime Minister Narendra Modi has taken many big decisions in the interest of farmers. This has improved the standard of living of the farmers. He said that the Agriculture Infrastructure Fund of Rs 1 lakh crore has been created. 2 lakh crore rupees have been sent in the account of farmers in the form of Kisan Samman Nidhi. He said that more than Rs 16 lakh crore agricultural loans were made available through Kisan Credit Cards. He said that till now farmers have got compensation of up to Rs 1 lakh crore under the crop insurance scheme.