Paddy MSP raised by 100 Rs/quintal for 2022-23.

June 10, 2022

The Centre hiked the minimum support price (MSP) for paddy by 100 rupees raising it to 2,040 rupees per quintal for 2022-23 crop year in order to encourage farmers to bring more area under the crop and boost their income.
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister approved the increase in MSPs for all 14 kharif (summer) crops for 2022-23 crop year.
“The Government has increased the MSP of kharif crops for 2022-23 to ensure remunerative prices to the growers for their produce and to encourage crop diversification.
The Government has taken several steps from beej se bazaar tak (seed to market) that has helped increase income of farmers.
As per the CCEA decision, the MSP of 14 kharif crops has been increased in the range of 92-523 rupees per quintal.
The maximum hike has been given in sesamum of Rs 523 per quintal, while the lowest Rs 92 per quintal is in case of maize.
The MSP of all the 14 crops for 2022-23 is higher by 46-131 per cent when compared to 2014-15. For example, the MSP of paddy (common variety) has been increased by 50 per cent to Rs 2,040 per quintal as against Rs 1,360 per quintal in 2014-15.