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)|
|Rapeseed & Mustard||4425||4650||225||93|
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).