Govt Hikes Paddy MSP by Rs 72 Per Quintal to Rs 1,940 for 2021-22 Crop Year

The government on Wednesday raised the minimum support price (MSP) of paddy marginally by Rs 72 per quintal to Rs 1,940 per quintal for the 2021-22 crop year, while the rates of other kharif crops were also hiked. Paddy is the main kharif crop, the sowing of which has begun with the onset of the

Briefing reporters after the Cabinet meeting, Agriculture Minister Narendra Singh Tomar again dispelled apprehensions about MSP saying, “MSP (on farm crops) is there, is being hiked and will continue in future as well”. The Cabinet has approved an increase in the MSP of paddy (common variety) to Rs 1,940 per quintal for the 2021-22 crop year (July-June) from Rs 1,868 per quintal in the year-ago period. Similarly, the MSP of Bajra has been increased to Rs 2,250 per quintal for the current year from Rs 2,150 per quintal last year, he said. MSP has been increased regularly and its benefit is reaching farmers, the minister said.

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