New Delhi, 21 Sep, 2020: Putting an end to a myriad of speculations, the Centre on Monday approved a raise in the Minimum Support Price (MSP) of Rabi crops to encourage farmers to increase their cultivation.
The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi and was announced by Union Agriculture Minister Narendra Singh Tomar in Lok Sabha.
Tomar said that the CCEA has approved increasing MSP of six rabi crops. Wheat MSP has been increased by Rs 50 per quintal to Rs 1,975 per quintal.
He said the government has always maintained that MSP and APMC mechanisms will continue as against a false propaganda spread by Opposition parties.
Govt hikes wheat MSP by Rs 50 to Rs 1,975 per quintal
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