The economy had its most exceedingly awful withdrawal on record in FY21 at 7.3 percent as the 2.5 long periods of spontaneous lockdown reported by the middle with simply a four-hour notice had disabled the economy in the principal quarter with a gigantic 23.9 percent constriction, which improved to - 17.5 percent in the subsequent quarter. Lockdowns forced by the states in April and May to cont...
New Delhi. The Union Cabinet chaired by Prime Minister Narender Modi on Wednesday announced Minimum Support Prices for Kharif crops for the crop year 2021-22. The government raised the minimum support price (MSP) for paddy by Rs 72 to Rs 1,940 per quintal for the crop year 2021-22, from Rs 1,868 per quintal last year.
Union Agriculture Minister Narender Singh Tomar said that the Modi government is committed to doubling the income of the farmers of the country. The Cabinet Committee on Economic Affairs has approved the Minimum Support Price for all Kharif crops for the Kharif marketing season 2021-22. Crores of farmers of the country will get its benefit.
He said that under the leadership of Prime Minister Narender Modi, in the last 7 years, many such decisions were taken one after the other in the field of agriculture, which would increase the income of the farmer, attract the farmers towards expensive crops, bring prosperity to the farmer’s house and agricultural benefits. make a deal. It is a revolutionary decision of the Modi government to fix the MSP at the level of 1.5 times the cost of production (or at least 50 percent profit on the cost of production). Similarly, compared to last year’s purchase of 372.23 lakh metric tonnes, so far more than 416.95 lakh metric tonnes of wheat has been procured, benefiting about 45.67 lakh farmers.
Tomar said that for the current Kharif Marketing Season 2020-21 (till 6th June 2021), more than 813.11 Lakh Metric Tonnes of paddy were procured at MSP as compared to last year’s 736.36 Lakh Metric Tonnes, for the ongoing Kharif Marketing Year. More than 120 lakh farmers have been benefited for this. Rs 82,347.39 crore has been transferred directly to farmers through DBT for procurement of wheat in Rabi marketing season 2020-21 (till 6th June 2021).