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Modi govt hikes MSP for paddy by Rs 200. Here’s details for kharif crops

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New Delhi: In a bid to fulfil poll promise to increase farmers’ income, the Union cabinet today hiked the Minimum Support Price (MSP) for paddy by Rs 200 per quintal just a year before next general elections.

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved the increase in the MSPs for all kharif crops for 2018-19 Season to provide farmers a profit of 50 per cent over the cost of production.

Addressing the media, Union Minister Rajnath Singh said the cabinet had taken the “historic” decision to give MSP of 1.5 times on the input cost to farmers, which will be a “big boost” to the economy.

The MSPs for all kharif crops of 2018-19 season have been increased as follows: (Rs/quintal)

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