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Home Business Central government hikes MSP by 62% for kharif crops

Central government hikes MSP by 62% for kharif crops

In the cabinet meeting chaired by Prime Minister Narendra Modi on Wednesday, it has been decided to increase the Minimum Support Price (MSP) of Kharif (summer-sown) crops from 50 to 62% for 2021-22. MSP is the rate at which the government procures food grains from the farmers. The highest absolute MSP hike over last year has been suggested for sesame (til) at Rs 452 per quintal. Whereas, Rs 300 per quintal has been recommended for tur and urad pulses. Informing about the decisions, Union Minister Prakash Javadekar said that the Union Cabinet has also approved 4G spectrum allocation of 5 MHz (MHZ) for the Railways.

Know more: ANI Twitter

Read more: Times Of India | News 18 | Hindustan Times

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Avantika Yadav
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