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Delhi govt plans to hike MSP for Paddy and Wheat
The Delhi government intends to actualize the Swaminathan committee report and offer a higher minimum support price (MSP) to farmers. Under the proposed Mukhya Mantri Kisan Mitra Yojna, the MSP, which will be 50 percent higher than the cost of production, is likely to be Rs 2,616 per quintal for Wheat and Rs 2,667 per quintal for Paddy.
The proposed MSP is higher than the Centre’s MSP by Rs 776 per quintal for Wheat and Rs 897 per quintal for Paddy.
Based on the relevant factors, the MSP for Wheat and Paddy crops has been decided after considering the higher production cost in the national capital as compared to other states.
The decision, if implemented, could entail an additional liability of Rs 96.38 crore for the government. It would benefit around 20,000 farmer families.
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