MSP of paddy increased by Rs 65 per quintal, Jowar by Rs 120 and Ragi by Rs 253 per quintal. MSP of Tur raised by Rs 125, Moong by 75 and Urad pulses raised by 100 rupees per quintal.
Our Correspondent / New Delhi
The Cabinet Committee on Economic Affairs has approved the increase in the Minimum Support Prices, MSP for all kharif crops for 2019-20 Season.
Briefing media persons here after the cabinet meeting, Agriculture Minister Narendra Singh Tomar said, the move will lead to increased investment and production through assured remunerative prices to the farmers.
He said, the MSP of paddy increased by 65 rupees per quintal, Jowar by 120 rupees and Ragi by 253 rupees per quintal. He said, the MSP of Tur raised by 125 rupees, Moong by 75 rupees and Urad pulses raised by 100 rupees per quintal.
The Minister said, the MSPs of soyabean increased by 311 rupees, sunflower by 262 rupees and sesamum by 236 rupees per quintal which is a major step towards increasing the income of farmers.
The increase in MSP for Kharif Crops for 2019-20 season is in line with the principle of fixing the MSPs at a level of atleast 1.5 times of the all India weighted average Cost of production, which was announced in the last budget 2018-19.
The Minister said, government’s focus has shifted from production-centric approach to income-centric one to give policy thrust to income security of the farmers.
He said, the government had enhanced the coverage of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) to all farmers in its first Union Cabinet meeting on 31st May, is another major step in boosting the income of the farmers.