MSP hike to boost farmers’ income, improve living standards, says PM Modi
Live MintWith the Centre hiking the MSP of several crops on Wednesday, Prime Minister Narendra Modi said the move will boost farmers' income and improve their living standards. The support price of maize has been increased marginally by ₹20 to ₹1,870 per quintal for the 2021-22 crop year from ₹1,850 per quintal last year. The moong support price has been increased by ₹79 to ₹7,275 per quintal for the 2021-22 crop year as against ₹7,196 per quintal last year. Among kharif-grown oilseeds, the government increased the support price maximum in the case of sesamum by ₹452 to ₹7,307 per quintal for the 2021-22 crop year, against ₹6,855 per quintal last year. However, the support price of soybean has been raised marginally by ₹70 to ₹3,950 per quintal for the 2021-22 crop year, from ₹3,880 per quintal last year.