New Delhi [India], The Union Cabinet on Wednesday announced minimum support prices (MSP) for 14 kharif season crops including paddy, ragi, millet, jowar, maize and cotton, with a financial impact of Rs 2 lakh crore on the government. Will have to. Farmers got a profit of Rs 35,000 crore compared to the previous season.
Addressing the media after the Union Cabinet meeting, Information and Broadcasting Minister Ashwini Vaishnav said that the third term of PM Modi is very important as it focuses on continuity with change through several decisions for the welfare of farmers.
He said that the two terms of the Modi government have laid a strong foundation for economic development and in the third term, important decisions will be taken for the benefit of the people.
The Cabinet has approved the minimum support price (MSP) on 14 kharif season crops including paddy, ragi, millet, jowar, maize and cotton. With today's decision, farmers will get approximately Rs 1 lakh crore as MSP. This is Rs 35,000 crore more. Compared to last season,” he said.
The minister said the government is committed to providing farmers with a price 50 per cent more than the input cost and the decisions are in line with that objective.
The highest absolute increase in MSP compared to the previous year has been recommended for oilseeds and pulses.
After taking oath as PM for the third time, Prime Minister Narendra Modi signed his first file authorizing the release of the 17th installment of PM Kisan Nidhi, marking the government's commitment towards farmer welfare.
At an event in Varanasi on Tuesday, PM Modi released the 17th installment of over Rs 20,000 crore to about 9.26 crore beneficiary farmers under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) through Direct Benefit Transfer.
Addressing the media after the Union Cabinet meeting, Information and Broadcasting Minister Ashwini Vaishnav said that the third term of PM Modi is very important as it focuses on continuity with change through several decisions for the welfare of farmers.
He said that the two terms of the Modi government have laid a strong foundation for economic development and in the third term, important decisions will be taken for the benefit of the people.
The Cabinet has approved the minimum support price (MSP) on 14 kharif season crops including paddy, ragi, millet, jowar, maize and cotton. With today's decision, farmers will get approximately Rs 1 lakh crore as MSP. This is Rs 35,000 crore more. Compared to last season,” he said.
The minister said the government is committed to providing farmers with a price 50 per cent more than the input cost and the decisions are in line with that objective.
The highest absolute increase in MSP compared to the previous year has been recommended for oilseeds and pulses.
After taking oath as PM for the third time, Prime Minister Narendra Modi signed his first file authorizing the release of the 17th installment of PM Kisan Nidhi, marking the government's commitment towards farmer welfare.
At an event in Varanasi on Tuesday, PM Modi released the 17th installment of over Rs 20,000 crore to about 9.26 crore beneficiary farmers under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) through Direct Benefit Transfer.
