Even before the Lok Sabha elections, the Central Government can give a big gift to the farmers. It is being said that the government may soon approve increasing the MSP of various crops including wheat. It can also increase the SMSP of wheat by 10 percent.
Before the Lok Sabha elections, the Central Government is likely to give a big gift to the farmers. It is being said that Prime Minister Narendra Modi's government may increase the minimum support price of Rabi crops. Crores of farmers of the country will benefit greatly from this. According to sources, the central government can increase the MSP of wheat by Rs 150 to Rs 175 per quintal. This will especially benefit the farmers of Rajasthan, Madhya Pradesh, Uttar Pradesh, Haryana, Bihar and Punjab. Wheat is cultivated the most in all these states.
According to media reports, the central government may increase the MSP of wheat by 3 percent to 10 percent for the coming year. If the central government does this, then the minimum support price of wheat can reach Rs 2300 per quintal. However, currently, the MSP of wheat is Rs 2125 per quintal. Apart from this, the government can also increase the MSP of lentils by up to 10 percent.
Also read: Government increased MSP on these 6 Rabi crops including wheat, know what are the new rates?
For your information, let us tell you that the MSP of mustard and sunflower can be increased by 5 to 7 percent. It is expected that in the coming week, the Central Government may approve to increase in the MSP of Rabi, pulses, and oilseed crops. The main thing is that the decision to increase the MSP will be taken for the marketing season 2024-25.
For your information, let us tell you that the Center determines the Minimum Support Price on the recommendation of the Agricultural Costs and Prices Commission. 23 crops have been included in MSP. 7 cereals, 5 pulses, 7 oilseeds, and four cash crops are also included. Generally Rabi crop is sown between October and December. Also, it is harvested between February, March and April.
Cereals- Wheat, Paddy, Bajra, Maize, Jowar, Ragi and Jo
Pulses- gram, moong, lentils, pigeon pea, urad,
Oilseeds- Mustard, Soybean, Sesame, Safflower, Groundnut, Sunflower, Nigerseed
Cash- Sugarcane, cotton, copra and raw jute