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December 6, 2024 9:33 PM

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Union Minister Shivraj Singh Chouhan says, govt will fix MSP at more than 50% of production cost

Agriculture Minister Shivraj Singh Chouhan assured that the government will fix the Minimum Support Price at more than 50 percent of the production cost and also procure the produce from farmers. During Question Hour in the Rajya Sabha on Friday, Mr. Chouhan emphasized that Congress had previously denied farmers the Minimum Support Price for their crops. He highlighted that, in contrast, the Central Government has consistently increased the MSP over the last decade. He stressed that the government is committed to ensuring beneficial prices for farmers. The Agriculture Minister also noted that there has been an unprecedented increase in the budget allocation for agriculture. Till 2013-14, it was only 21,900 crore rupees, which has now increased to 1,22,528 crore rupees. Mr. Chouhan stated that the government provides not only fertilizers but also subsidies to support farmers. He said that recently, a substantial subsidy of 1,94,000 crore rupees was allocated to farmers.