(This article is authored by Alar, a freelance content writer)

New Delhi: The cabinet committee on economic affairs endorsed the growth in minimum support price (MSP) for 17 demanded Kharif crops for marketing season 2022-23.  Prime Minister Narendra Modi chaired the Cabinet.

On June 8, Wednesday, An Offical Statement from the cabinet said “It is notable that return over MSP for bajra, tur, urad sunflower seed, soybean, and groundnut is more than 50 percent over the all-India weighted average cost of production at 85 percent, 60 percent, 59 percent, 56 percent, 53 percent, and 51 percent respectively,”

Following the increasing price of minimum support price (MSP), paddy has been increased to Rs 2,040 per quintal from Rs 1,940 in the last year. Also, the MSP of 'A' grade variety of paddy has a hike from Rs.100 to Rs. 2060 per quintal from Rs. 1960. MSP for moong dal has been increased by Rs 480 to Rs 7,755 per quintal, while MSP for tur dal, groundnut, and urad has been increased by Rs 300 each.

Information and Broadcasting Minister Anurag Thakur told reporters, “Knowing the MSP at the time of sowing also boosts the morale of the farmers and they also get good crop prices. In the same direction, this time the Minimum Support Price (MSP) of all 14 Kharif crops and 17 crops including their varieties has been increased."

He also underlined that several programmes were launched during the last eight years by the Modi government to boost farmers’ income and ensure comprehensive growth of the farm sector.