Context:
Centre to fix MSP at over 50% and procure Farmers’ Produce: Shivraj Singh Chouhan
Key Highlights:
- Buy rice with regard to MSP for crops with procurement of farmer produce at MSP, but also during the time of Modi regime, when his own party ruled.
- MSP and Farmer Support: Unlike that Congress, which did not agree to recommendations from MS Swaminathan Commission, MSP criteria set by Modi government, in 2019, are above 50 percent profit over the cost of production.
- Shri Chouhan admitted that there was a commitment from government to buy crops on MSP plus a 50% profit margin, so that farmers would be paid a fair price for their produce.
Increasing budget for agriculture:
-The agricultural budget has gradually increased from Rs. 21,900 crores in 2013-14 to Rs. 1,22,528 crores showing a commitment to the welfare of farmers and agricultural development.
- Important Initiatives of the Government for Farmers: Pradhan Mantri Fasal Bima Yojana.
- Fertilizer Subsidies:
- More than Rs. 1.94 lakh crores has been provided in the form of fertilizer subsidy, enabling the purchase of such important commodities as urea and DAP.
