MSP 2022-23

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  • The Cabinet Committee on Economic Affairs (CCEA) has approved the increase in the MSP for all mandated Rabi crops for the Rabi Marketing Season 2022-23.
  • This will ensure maximum remunerative price for farmers and also encourage them to sow a wide variety of crops.
  • MSP is the rate at which the government buys grains from farmers. Currently, it fixes MSPs for 23 crops grown in both Kharif and Rabi seasons.
  • The MSP is the rate at which the government purchases crops from farmers, and is based on a calculation of at least one-and-a-half times the cost of production incurred by the farmers.
  • The Union Budget for 2018-19 had announced that MSP would be kept at levels of 1.5 the cost of production.
  • The MSP is fixed twice a year on the recommendations of the Commission for Agricultural Costs and Prices (CACP), which is a statutory body and submits separate reports recommending prices for kharif and rabi seasons.
  • The expected returns to farmers over their cost of production is estimated to be highest in case of Wheat (100%) and rapeseed/mustard (100%), followed by lentil (79%) and gram (74%); barley (60%); safflower (50%).
  • Procurement of wheat and Paddy at MSP comes under Schemes implemented by Deptt. of Food & Public Distribution (DFPD) through centralized and de-centralized procurement mechanism. 
  • Procurement of pulses and oilseeds is made at MSP as per the Schemes under PM-AASHA scheme of DA&FW. 
  • The procurement of Notified Pulses are done under Price support Scheme (PSS) by the Central Nodal Agencies through State designated Agencies during harvesting season.
  • From 2015 onward the procurement of Pulses is also done at MSP for maintenance of National Buffer stock of Pulses under Price Stabilization Fund (PSF).

Source : PIB

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