Government of India redeems promise, hikes MSP of paddy to Rs 1750 and others to boost farmers’ income.

The government of India on Wednesday has increased the Minimum Support (MSP) of paddy by Rs 200 to make it Rs 1750 per quintal for the 2018-19 season. Besides fourteen stipuleted pulses experienced upward revision in their respective MSP, a step that the government claims is in complinace with its promise of providing 150 percent of the cost of production to the farmers.

The union government in its budget proposal for 2018-19 had promised to double the farmers’ income by 2022.

As per the government release on the decision of Cabinet Committee on Economic Afffairs on Wednesday, “the Budget for 2018-19 had indicated that a paradigm shift in the agricultural policies is needed to achieve the objective of doubling farmers’ income by 2022 through greater emphasis on generating higher incomes of farmers.”

The increase in the MSPs of Nigerseed at Rs.1827 per quintal, moong by Rs.1400 per quintal, sunflower seed by Rs.1288 per quintal and cotton by Rs.l 130 per quintal is unprecedented.

Amongst cereals and nutri cereals, in terms of absolute increase, MSP of paddy (common) has been raised by Rs 200 per quintal, jowar (hybrid) by Rs 730 per quintal and ragi by Rs 997 per quintal.

The highest percentage increase in MSP over the previous year is for ragi (52.47 %) followed by jowar hybrid (42.94%). For pulses, apart from Moong, MSP of arhar (tur) has been raised by Rs 225 per quintal yielding a return over cost by 65.36 per cent and urad by Rs 200 per quintal with a return over cost by 62.89 per cent in order to maintain inter-crop-price parity. Similarly, the MSP of Bajra has been raised by Rs.525 per quintal yielding a return of 96.97 per cent over cost.

The MSP of kharif crops for 2018-19 are as following.

 

Commodity

 

Variety

 

MSP for 2017-18 Season

 

MSP approved for 2018-19 Season

 

Increase

 

Return*over cost in percent

 

Absolute

 

 

 

Absolute

 

Percentage

 

Paddy

 

Common

 

1550

 

1750

 

200

 

12.90

 

50.09

 

Grade A

Grade A

 

1590

 

1770

 

180

 

11.32

 

51.80

 

Jowar

 

Hybrid

 

1700

 

2430

 

730

 

42.94

 

50.09

 

Maldandi

Maldandi

 

1725

 

2450

 

725

 

42.03

 

51.33

 

Bajra

 

 

1425

 

1950

 

525

 

36.84

 

96.97

 

Ragi

 

 

1900

 

2897

 

997

 

52.47

 

50.01

 

Maize

 

 

1425

 

1700

 

275

 

19.30

 

50.31

 

Arhar(Tur)

 

 

5450

 

5675

 

225

 

4.13

 

65.36

 

Moong

 

 

5575

 

6975

 

1400

 

25.11

 

50.00

 

Urad

 

 

5400

 

5600

 

200

 

3.70

 

62.89

 

Groundnut

 

 

4450

 

4890

 

440

 

9.89

 

50.00

 

Sunflower Seed

 

 

4100

 

5388

 

1288

 

31.42

 

50.01

 

Soyabean

 

 

3050

 

3399

 

349

 

11.44

 

50.01

 

Sesamum

 

 

5300

 

6249

 

949

 

17.91

 

50.01

 

Nigerseed

 

 

4050

 

5877

 

1827

 

45.11

 

50.01

 

Cotton

 

Medium Staple

 

4020

 

5150

 

1130

 

28.11

 

50.01

 

Long Staple

 

4320

 

5450

 

1130

 

26.16

 

58.75

 

 

 

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