India, Aug. 19 -- The Government of India issued the following news release:
Every year, Government fixes Minimum Support Prices (MSPs) for 22 mandated agricultural crops for the country as a whole, based on the recommendations of the Commission for Agricultural Costs & Prices (CACP), after considering the views of the State Governments and Central Ministries/Departments concerned. The Government has implemented digital payment system for MSP procurement.
Presently, no scheme for loan waiver is in operation in the Department of Agriculture & Farmers Welfare. However, farmers are provided significant support through other schemes such as MinimumSupportPrice (MSP), PM Kisan,PradhanMantriFasalBimaYojana, Modified Interest Subvention Scheme (MISS) and the Agriculture Infrastructure Fund (AIF) to address their financial vulnerability in a structured manner.
Minimum Support Price (MSP): The details of procurement, MSP amount paid to farmers and number of farmers benefitted during 2024-25 (from July to June) is given below.
Table Omitted (The document can be viewed at https://www.pib.gov.in/PressReleasePage.aspx?PRID=2158026 )
Disclaimer: Curated by HT Syndication.
