look news india
The festive season is about to begin and preparations for sowing of Rabi crop are also going on loudly. Amidst this dual happiness, the central government has given another major reason to smile to crores of food donors of the country. The government has increased the minimum support price (MSP) of many Rabi crops including wheat, which directly means that now you will get a better price for your hard work.
How much will the price be increased now?
The biggest good news for farmers is that the government rate of wheat has been hugely increased by ₹ 152 per quintal.
- Last year, the MSP of wheat was ₹ 2,275 per quintal.
- Now after an increase of ₹ 152, this year you have your wheat crop At least ₹ 2,400 per quintal You will get a sense of
This farmer-interest decision was taken in a cabinet meeting chaired by Prime Minister Narendra Modi.
What is MSP and why is it so important?
MSP means minimum support price, that Guaranteed rate It happens on which the government buys your crop. In a way, it acts as a ‘safety net’ for the farmers, which ensures that even if the price falls in the market, they must get a fixed price of their hard work.
Not only wheat, the rate of these crops also increased
The government has increased the support price of not only wheat, but also the support price of other rabi crops, so that farmers benefit in every crop:
- barley: ₹ 125 increase
- Gram: ₹ 100 increase
- Lentils: ₹ 105 increased
- Mustard: ₹ 150 increase
This decision has come at a time when the farmer is arranging seeds and fertilizers for sowing his next crop. This increase in MSP will encourage the farmers and they will be able to sow with more enthusiasm, which will directly increase their income. This is a big festive gift for farmers from the government.
