ALSO READBudget 2018: FM Jaitley reiterates BJP's poll promise of MSP at 50% of cost Budget 2018: Issue is to enforce MSP, hike is secondary, says Ramesh Chand Budget 2018: Centre ready to take a hit over crop minimum support price Govt may form experts' panel to ensure farmers benefit from MSP scheme Budget announcements on the farm sector: Markets, not MSP, is the focus
The minimum support price, at which the government purchases crops from farmers, has been raised to 150 per cent of the cost of producing the crops, in the 2018-19 Budget. This will hopefully improve the earnings of the farmer.
Many Indian farmers have committed suicide since they are unable to repay the loans to the money lenders. Many have also been impoverished when their lands were appropriated for urban development, at below market prices. ALSO READ: Budget 2018: FM Jaitley reiterates BJP's poll promise of MSP at 50% of costThe government must also set up an appropriate machinery to ensure that the benefits of the higher price actually go to the farmer. Rajendra Aneja Mumbai
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