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CCEA clears 50-83% MSP hike for 14 kharif crops for 2020-21

New Delhi: The Cupboard Committee on Financial Affairs (CCEA), chaired by Prime Minister Narendra Modi, right here on Monday, permitted 50-83 per cent rise within the Minimal Help Worth (MSP) of 14 Kharif crops for the 2020-21 advertising and marketing season.

The best MSP rise was proposed for nigerseed (Rs 755 per quintal), adopted by sesamum (Rs 370 per quintal), urad (Rs 300 per quintal) and long-staple cotton (Rs 275 per quintal), stated Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar.

The differential remuneration was aimed toward encouraging crop diversification, he added.

The rise was consistent with the 2018-19 funds announcement of finalising MSPs no less than 1.5 instances of the All-India weighted common value of manufacturing (CoP) to permit a fairly honest return to farmers, stated Tomar.

The anticipated returns for farmers would be the highest for bajra (83 per cent), adopted by urad (64 per cent), tur (58 per cent) and maize (53 per cent). For different crops, the return is estimated to be no less than 50 per cent.

The MSP for the frequent grade of paddy has been set at Rs 1,868 a quintal and grade-A paddy, Rs 1,888 per quintal for the crop yr 2020-21 (July-June). Equally, the MSP for jowar hybrid is Rs 2,620 per quintal and different jowar Rs 2,640 per quintal.

The MSP for tur (pigeon pea) has been finalised at Rs 6,000 per quintal, moong (Rs 7,196 per quintal), urad (Rs, 6,000 per quintal), groundnut (Rs 5,275 per quintal), sunflower (Rs 5,885 per quintal), soybean (Rs 3,880 per quintal), sesame (Rs 6,855 per quintal) and nigerseed (Rs 6,695 per quintal).

The MSP for medium-staple and long-staple cotton has been set at Rs 5,515 and Rs 5,825 per quintal, respectively. The brand new MSP for bajra is Rs 2,150 per quintal, ragi Rs 3,295 per quintal and maize Rs 1,850 per quintal.

(IANS)

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