In the midst of farmers’ protests, the minimum support price for rabi crops has been increased between `35 and `400 for the the 2021-22 crop year (July-June) and 2022-23 marketing season. The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister -Narendra Modi hiked the MSP for six rabi crops - Wheat, Barley, Gram, Lentil ( Masoor), Rapeseed, Mustard and Safflower - with an aim to ensure remunerative prices to the growers for their produce.
According to a statement issued by the government, the MSP for wheat has been increased by `40 to `2015 per quintal from `1,975 per quintal. The cost of production of wheat is estimated at `1,008 per quintal. The Government has procured a record of over 43 million tonnes of wheat during 2021-22 rabi marketing season.
After the CCEA decision, Prime Minister Narendra Modi said the Cabinet’s approval to increase the MSP for Rabi crops will ensure maximum remunerative price for farmers and also encourage them to sow a wide variety of crops. “Taking another big decision today in the interest of farmer brothers and sisters, the Government has approved the increase in MSP of all Rabi crops,” Modi tweeted.