Government declares Minimum Support Prices (MSP) for Rabi Crops for marketing season 2021-22

The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Shri Narendra Modi has approved the increase in the Minimum Support Prices (MSPs) for all mandated Rabi crops for marketing season 2021-22. This increase in MSP is in line with the recommendations of Swaminathan Commission. Announcing this in the Lok Sabha today, Union Minister of Agriculture & Farmers Welfare Shri Narendra Singh Tomar said this is a very important day for farmers. 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.

Shri Narendra Singh Tomar said that the Food Corporation of India (FCI) and other State agencies will continue to purchase farm produce at MSP as before. Hon’ble Prime Minister has always given assurance that procurement at MSP will continue, and the mandi system will also continue. The Union Agriculture Minister said that the announcement of the MSP before the start of the Rabi season will help the farmers in deciding on their crop structure. The MSP for pulses (lentil) and oilseeds has been increased to boost production of these crops so that import of these items can be reduced.

Shri Tomar said that during 2009-2014, 1.52 LMT pulses was procured by the government. During 2014-2019, 76.85 LMT pulses have been procured which is an increase of 4962 per cent. The payment made at MSP rates in the last 6 years is Rs. 7 lakh crore which is double that made by the previous government. He said that as assured by the Hon’ble PM and by the Government of India, new MSP rates have been announced today. This is proof that procurement at MSP and the APMC mandis will continue to function, however, the farmer will be free to sell his produce outside these systems anywhere throughout the country to get remunerative prices.

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