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Cabinet approves hike in MSP for Kharif Crops for 2018-19 Season (Relevant for GS Prelims)

Giving a major boost for the farmers’ income, the Cabinet Committee on Economic Affairs has approved the increase in the Minimum Support Prices (MSPs) for all kharif crops for 2018-19 Season.

The Minimum Support Prices (MSPs) for all kharif crops of 2018-19 season have been increased as follows:

 

Commodity

 

Variety

 

MSPfor 2017-18Season

 

MSP approvedfor 2018-19Season

 

 
 

Paddy

 

Common

 

1550

 

1750

 

 

Grade A

Grade A

 

1590

 

1770

 

 

Jowar

 

Hybrid

 

1700

 

2430

 

 

Maldandi

Maldandi

 

1725

 

2450

 

 

Bajra

 

 

1425

 

1950

 

 

Ragi

 

 

1900

 

2897

 

 

Maize

 

 

1425

 

1700

 

 

Arhar(Tur)

 

 

5450

 

5675

 

 

Moong

 

 

5575

 

6975

 

 

Urad

 

 

5400

 

5600

 

 

Groundnut

 

 

4450

 

4890

 

 

Sunflower Seed

 

 

4100

 

5388

 

 

Soyabean

 

 

3050

 

3399

 

 

Sesamum

 

 

5300

 

6249

 

 

Nigerseed

 

 

4050

 

5877

 

 

Cotton

 

Medium Staple

 

4020

 

5150

 

 

Long Staple

 

4320

 

5450

 

 

 

* Includes all paid out costs such as those incurred on account of hired human labour, bullock labour/machine labour, rent paid for leased in land, expenses incurred on use of material inputs like seeds, fertilizers, manures, irrigation charges, Depreciation on implements and farm miscellaneous expenses, and imputed value of family labour.

Farmer friendly initiatives by the Government: 

Besides increase in Minimum Support Prices (MSP) of kharif crops, Government has also taken several farmer friendly initiatives. Theseare as follows:

-The premium rates to be paid by farmers are very low – 2 % of sum insured for all kharif crops, 1.5% for all rabi crops and 5 % for commercial and horticulture crops under smart technology through phones & remote sensing for quick estimation and early settlement of claims. The Government has also launched a Mobile App “Crop Insurance” which will help farmers to find out complete details about insurance cover available in their area and to calculate the insurance premium for notified crops.

-The Government has also launched a scheme to develop a pan India electronic trading platform under ‘National Agriculture Market’ (NAM) aiming to integrate 585 regulated markets with the common e-market platform in order to facilitate better price discovery and ensure remunerative prices to farmers. Each State is being encouraged to undertake three major reforms – allow electronic trading, have a single license valid throughout the State and a single entry point market fee. It will also enable farmers to discover better prices for their produce. As on 23rd March, 2018, 585 markets in 16 States and 2 Union Territories have already been brought on the e-NAM platform.

-Government has also formulated a new model Agricultural Produce and Livestock Marketing (Promotion & Facilitation) Act, 2017 to provide farmers market options beyond the existing APMC regulated market yards.

-Soil Health Cards are being issued to farmers across the country. These will be renewed every two years. The card provides information on fertility status of soil and a soil test based advisory on use of fertilizers. As on 25th June, 2018, 15.14 crore Soil Health Cards have been distributed.

-Under ParamparagatKrishiVikasYojana (PKVY), the Government is promoting organic farming and development of potential market for organic products.

-The Pradhan MantriKrishiSinchaiYojana is being implemented with the vision of extending the coverage of irrigation ‘HarKhetkoPani’ and improving water use efficiency ‘Per Drop More Crop ‘ in a focused manner with end to end solution on source creation, distribution, management, field application and extension activities.

-Government is focusing on improving production and productivity of crops such as rice, wheat, coarse grains and pulses under the National Food Security Mission.

-A dedicated online interface e-KrishiSamvad provides direct and effective solutions to problems faced by farmers.

-Government is encouraging formation of Farmer Producer Organisations. The Budget for 2018-19 has extended a favourable taxation treatment to Farmer Producers Organisations (FPQs) for helping farmers aggregate their needs of inputs, farm services, processing and sale operations.

-Government has set up a buffer stock of pulses and domestic procurement of pulses is also being done under Price Stabilization Fund (PSF) mainly with a view to protect consumers. The Budget for 2018-19 indicated that increasing MSP. is not adequate and it is more important that farmers should get full benefit of the announced MSP. For this, it is essential that if price of the agriculture produce market is less than MSP, then Government should purchase either at MSP or work in a manner to provide MSP for the farmers through some other mechanism. NITI Aayog, in consultation with Central and State Governments, will put in place a fool-proof mechanism so that farmers will get adequate price for their produce.

-A handbook for women farmers ‘Farm Women Friendly Hand Book’ containing special provisions and package of assistance which women farmers can claim under various on¬ going Missions/ Submissions/ Schemes of Department of Agriculture, Cooperation & Farmers Welfare has been brought out.

-With the above measures taken, the Government has set a target to double the farmers’ Income by 2022.

(Adapted from PIB)



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