Centre hikes MSP for Kharif crops by 5-10 percent

New Delhi: The Centre on Wednesday hiked the minimum support price for kharif crops by 4-9 per cent for the 2022-23 crop year, with paddy MSP being raised by ₹ 100 to ₹ 2,040 per quintal, a move aimed at encouraging farmers to bring more area under cultivation and boost their income.

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the increase in MSPs for all 14 kharif (summer) crops for 2022-23 crop year.

Describing it as an important decision, the Prime Minister tweeted that the increase in MSP of kharif crops will empower crores of farmers in the country.

“The MSP of kharif crops has been increase in the range of Rs 92 to Rs 523 per quintal and this will help farmers fetch 50-85 per cent profits on cost of production,” Agriculture Minister Narendra Singh Tomar tweeted after the cabinet decision.

The maximum hike has been given in sesamum at Rs 523 per quintal, while the lowest Rs 92 per quintal is in case of maize. In percentage terms, the maximum increase is in soybean MSP at 9 per cent, while support price of bajra has been raised by 4 per cent for this year.

“Government has increased the MSP of kharif crops for 2022-23, to ensure remunerative prices to the growers for their produce and to encourage crop diversification,” an official statement said.

Briefing reporters, Information and Broadcasting Minister Anurag Thakur said the Modi government has taken several steps ‘beej se bazaar tak’ (from seed to market) in last eight years that have helped increase income of farmers.

Announcing the MSP hike before the sowing of kharif crops will give farmers an indication about the price which they would get and help them in deciding which crops to grow, he added.

As per the CCEA decision, the MSP of paddy and bajra has been increased by Rs 100 per quintal, while tur, urad and groundnut MSP has been hiked by Rs 300 per quintal each for the 2022-23 crop year.

The MSP of common grade variety of paddy has been increased to Rs 2,040 per quintal for 2022-23 crop year from Rs 1,940 per quintal in the previous year.

The support price for ‘A’ grade variety of paddy has been increased to Rs 2,060 per quintal from Rs 1,960.

Paddy is the main kharif crop, the sowing of which has already begun. The Met department has projected normal monsoon for the June-September period.

Among commercial crops, the MSP of cotton has been raised to Rs 6,080 for medium staple variety from Rs 5,726 per quintal last year, while MSP for long staple variety of cotton has been increased to Rs 6,380 per quintal from Rs 6,025.

In the pulses category, the MSP of tur (arhar) has been increased to Rs 6,600 per quintal from Rs 6,300 last year, while that of moong has been raised to Rs 7,755 per quintal from Rs 7,275.