Government announces major relief for farmers as Cabinet approves increase in MSP for Major Crops

248

Giving a major boost to the income of farmers, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the increase in the Minimum Support Prices (MSPs) for all kharif crops for 2018-19 Season. 

Minimum support price is a form of market intervention by the government to insure farmers against any sudden fall in agricultural produce prices. The MSP is a guaranteed price for their produce from the State.

The Minimum Support Prices (MSPs) for all kharif crops of 2018-19 season have been increased as follows:

Commodity

 

Variety

 

MSP for 2017-18 Season

 

MSP approved for 2018-19 Season

 

Paddy

 

Common

 

1550

 

1750

 

 
Grade A

Grade A

 

1590

 

1770

 

 
Jowar

 

Hybrid

 

1700

 

2430

 

 
Maldandi

Maldandi

 

1725

 

2450

 

 
Bajra

 

 

1425

 

1950

 

 
Ragi

 

 

1900

 

2897

 

 
Maize

 

 

1425

 

1700

 

 
Arhar(Tur)

 

 

5450

 

5675

 

 
Moong

 

 

5575

 

6975

 

 
Urad

 

 

5400

 

5600

 

 
Groundnut

 

 

4450

 

4890

 

 
Sunflower Seed

 

 

4100

 

5388

 

 
Soyabean

 

 

3050

 

3399

 

 
Sesamum

 

 

5300

 

6249

 

 
Nigerseed

 

 

4050

 

5877

 

 
Cotton

 

Medium Staple

 

4020

 

5150

 

 
Long Staple

 

4320

 

5450