Amid farmers’ protest, Cabinet approves MSP for Rabi crops for marketing season 2021-22

Amid farmers’ protest, Cabinet approves MSP for Rabi crops for marketing season 2021-22
In the case of cereals, Food Corporation of India (FCI) and other designated state agencies would continue to provide price support to the farmers

Amid farmers’ protest on newly passed Farm Bills from the Parliament and hovering doubts around minimum support price (MSP), Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the MSPs for all mandated Rabi crops for marketing season 2021-22.

The highest increase in MSP has been announced for lentil (Rs. 300 per quintal) followed by gram and rapeseed & mustard (Rs. 225 per quintal each) and safflower (Rs. 112 per quintal). For barley and wheat, an increase of Rs. 75 per quintal and Rs 50 per quintal respectively has been announced. The differential remuneration is aimed at encouraging crop diversification.

MSP for all Rabi crops for marketing season 2021-22

Crops MSP for RMS 2020-21 (Rs/quintal) MSP for RMS 2021-22 (Rs/quintal) Increase in MSP (Rs/quintal) Return over cost (in per cent)
Wheat 1925 1975 50 106
Barley 1525 1600 75 65
Gram 4875 5100 225 78
Lentil (Masur) 4800 5100 300 78
Rapeseed & Mustard 4425 4650 225 93
Safflower 5215 5327 112 50

In the case of cereals, Food Corporation of India (FCI) and other designated state agencies would continue to provide price support to the farmers. Government has set up a buffer stock of pulses and domestic procurement of pulses is also being done under Price Stabilization Fund (PSF).

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