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No real substantial hike in MSP, says Togadia

Press Trust of India  |  Vadodara (Guj) 

Former Vishwa Hindu Parishad leader Pravin Togadia today hit out at Prime Minister Modi over the hike in the minimum support price of paddy and other crops.

He told reporters that 162 farmers' organisations would undertake a march in August in support of farmers demands from Kashmir to Kanyakumari.

The hike was not 1.5 times the production cost as claimed by the as the input costs of farmers were undervalued, Togadia claimed.

The hike announced by the barely amounted to Rs 200 per crop, he said.

The used to hike the MSP by Rs 50 every year, while the government hiked it by Rs 200 after four years, Togadia claimed.

The hike was announced when the 2019 elections were approaching, he said.

The government should have fixed the MSP based on cultivation costs which include the cost of capital and the rent on the land, he said.

The present model only takes into account the cost incurred by the farmer and the value of family labour, Togadia said.

The government, thus, first reduced the base input cost, and then increased the MSP by 50 per cent, he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 12 2018. 00:15 IST