Punjab seeks higher MSP for kharif crops for 2016-17

Image
Press Trust of India Chandigarh
Last Updated : Dec 09 2015 | 4:42 PM IST
Punjab today asked the centre to hike the minimum support price (MSP) of paddy to about Rs 2,000 per quintal for the next kharif season.
Punjab Chief Minister Parkash Singh Badal cleared the state's proposal to the centre, a spokesperson said here.
The state's agriculture department forwarded a detailed proposal to the Commission for Agriculture Costs & Prices (CACP) for seeking a hike in the MSP of common variety of paddy from Rs 1,410 in 2015-16 to Rs 1,960 per quintal in 2016-17.
Likewise, it also sought an upward revision in the MSP of paddy Grade 'A' variety from Rs 1,450 to Rs 2,011 per quintal.
The spokesperson further said that the Chief Minister demanded the MSP of cotton to be hiked from Rs 3,800-4,000 to Rs 5,949 per quintal.
Similarly, the proposal called for an increase in the MSP of moong from Rs 4,650 to Rs 6,300 per quintal, Maha and Arhar from Rs 4,425 per quintal each to Rs 6,100 and Rs 6,000 respectively.
Apart from this, the Chief Minister also called for an increase in the MSP of groundnut from Rs 4,030 to Rs 5,500 per quintal.
Badal said that the hike in the MSP of above mentioned crops during the kharif season 2016-17 was necessitated to boost crop diversification plans, especially for the promotion of crops like maize, cotton, moong, maha, arhar and groundnut in the state.
This move would not only benefit the state's peasantry but also help Punjab arrest the trend of declining ground water.
The state government under its ambitious agriculture diversification program had already planned to reduce the area under paddy cultivation from 28 lakh hectares to 12 lakh hectares over a period of five years.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 09 2015 | 4:42 PM IST

Next Story