CCEA approves increase in MSP for Rabi crops for marketing season 2022-23
Union Minister for Information & Broadcasting Anurag Singh Thakur and Minister for Commerce & Industry Piyush Goyal holding a press conference on Cabinet Decisions, in New Delhi on September 8, 2021.

CCEA approves increase in MSP for Rabi crops for marketing season 2022-23

New Delhi, September 8, 2021

The Cabinet Committee on Economic Affairs (CCEA) today approved an increase in the Minimum Support Prices (MSP) for all mandated Rabi crops for Rabi Marketing Season (RMS) 2022-23.

The highest absolute increase in MSP over the previous year has been recommended for Lentil (Masur) and Rapeseeds & Mustard (Rs 400 per quintal each) followed by gram (Rs 130 per quintal).

In the case of safflower, there has been an increase of Rs 114 per quintal, in comparison to last year. The differential remuneration is aimed at encouraging crop diversification.

An official press release said the increase in MSP for Rabi crops is in line with the Union Budget 2018-19 announcement of fixing the MSPs at a level of at least 1.5 times of the all-India weighted average cost of production, aiming a reasonably fair remuneration for the fanners. The expected returns to farmers over their cost of production are estimated to be highest in case of wheat and rapeseed & mustard (100% each), followed by lentil (79%); gram (74%); barley (60%); safflower (50%).

The release said concerted efforts were made over the last few years to realign the MSPs in favour of oilseeds, pulses and coarse cereals to encourage farmers to shift to larger areas under these crops and adopt the best technologies and farm practices, to correct the demand-supply imbalance.

Additionally, the National Mission on Edible Oils-Oil Palm (NMEO-OP), a Centrally Sponsored Scheme recently announced by the government, will help in increasing the domestic production of edible oils and reduce imports dependency. With a total outlay of Rs 11,040 crore, the scheme will not only aid in expanding area and productivity of the sector but also benefit the farmers by increasing their income and generation of additional employment,itsaid.

"The Umbrella Scheme 'Pradhan Mantri Annadata Aay Sanrakshan Abhiyan' (PM-AASHA) announced by the government in 2018 will aid in providing a remunerative return to farmers for their produce. The Umbrella Scheme consists of three sub-schemes, the Price Support Scheme (PSS), Price Deficiency Payment Scheme (PDPS) and Private Procurement & Stockist Scheme (PPSS) on a pilot basis," the release added.

NNN

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