Minimum Support Prices (MSP) for Kharif Crops of 2016-17 season

Published By : Admin | June 1, 2016 | 17:50 IST
Govt approves increase in the Minimum Support Prices (MSPs) for all Kharif Crops of 2016-17 Season
To incentivise cultivation of pulses and oilseeds, Govt announces a bonus on these crops, payable over and above the approved MSP
Pradhan Mantri Fasal Bima Yojana -Low premiums to be paid by farmers - 2 % of sum insured for Kharif crops, 1.5% for Rabi crops
Govt launches crop insurance portal & Mobile app to help farmers find out complete details about insurance cover available
Govt launches scheme to develop a pan India electronic trading platform under ‘National Agriculture Market’ (NAM) scheme
Soil Health Cards being issued to farmers across the country - Card provides information on fertility status of soil
Paramparagat Krishi Vikas Yojana: Govt promoting organic farming and development of potential market for organic products
Pradhan Mantri Krishi Sinchai Yojana: Scheme implemented with the vision of extending the coverage of irrigation
Govt focusing on improving production & productivity of rice, wheat, coarse grains and pulses under National Food Security Mission

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the increase in the Minimum Support Prices (MSPs) for all Kharif Crops of 2016-17 Season. Further, to incentivise cultivation of pulses and oilseeds , in the country Government has announced a bonus on these crops, payable over and above the approved MSP.  

The decision to increase MSPs is based on the  recommendations of Commission for Agricultural Costs and Prices (CACP) which takes into account the cost of production, overall demand-supply, domestic and international prices, inter-crop price parity, terms of trade between agricultural and non-agricultural sectors, the likely effect of the Price Policy on the rest of economy, besides ensuring rational utilization of production resources like land and water, while recommending MSPs.

The CACP being the expert body, its recommendations are generally accepted as such.  However, to incentivise cultivation of pulses and oilseeds, the Cabinet has decided to give a bonus, over and above the recommendations of the CACP, of Rs.425/- per quintal for kharif pulses, namely Arhar (Tur), Urad and Moong, a bonus of Rs 200/- per quintal for Sesamum and a bonus of Rs 100/- per quintal for other kharif oilseeds namely, Groundnut-in-shell, Sunflowerseed, Soyabean, and Nigerseed. There is an increasing gap between  the demand and domestic supply of pulses and oilseeds  and reliance on import is increasing. Government has, therefore, announced this bonus on pulses and oilseeds to give a strong price signal to farmers to increase acreage and invest for increase in productivity of these crops. The increase in  cultivation of leguminous pulses and oilseeds will also have additional environmental benefits as these crops are less water consuming and help in nitrogen fixation in the soil.   

 The Minimum Support Prices (MSPs) for all Kharif Crops of 2016-17 season have been increased and are given in table below: 

 

 

 

 

Commodity

 

 

 

Variety

 

 

MSP  for

2015-16 Season

MSP

Recom-mended for

2016-17  Season

 

Increase

 

 

 

 

Bonus

 

Absolute

 

 

% age

 

 

Rs/ Quintal

Rs/ Quintal

Rs/ Quintal

%

Rs/ Quintal

Paddy

Common

1410

1470

60

4.3

-

Grade A

1450

1510

60

4.1

-

Jowar

Hybrid

1570

1625

55

3.5

-

Maldandi

1590

1650

60

3.8

-

Bajra

-

1275

1330

55

4.3

-

Maize

-

1325

1365

40

3.0

-

Ragi

-

1650

1725

75

4.5

-

Tur (Arhar) 

-

4625

(includes

Rs.200/-

Bonus)

 

5050

(includes

Rs.425/-

    Bonus)

425

9.2

425

Moong         

-

4850

(includes

Rs.200/-

Bonus)

 

5225

(includes

Rs.425/-

Bonus)

375

7.7

425

Urad                          

-

4625

(includes

Rs.200/-

Bonus)

 

5000

(includes

Rs.425/-

Bonus)

375

8.1

425

Groundnut-in-shell

-

4030

4220

(includes

Rs.100/-

Bonus)

190

4.7

100

Soyabean*

Yellow

2600

2775

(includes

Rs.100/-Bonus)

175

6.7

100

Sunflower Seed

-

3800

3950

(includes

Rs.100/-Bonus)

150

3.9

100

Nigerseed

-

3650

3825

(includes

Rs.100/-Bonus)

175

4.8

100

Sesamum

-

4700

5000

(includes

Rs.200/-Bonus)

300

6.4

200

Cotton

Medium Staple

3800

3860

60

1.6

-

Long Staple

4100

4160

60

1.5

-

 

*MSP of soyabean will be applicable to both yellow and black varieties   

The prices would be effective from 1.10.2016.

Food Corporation of India (FCI) will be the designated central nodal agency for price support operations for cereals, pulses and oilseeds. Cotton Corporation of India (CCI) will be the central nodal agency for undertaking price support operations for Cotton.

Besides increase in Minimum Support Prices (MSP) of Kharif crops, Government has taken several farmer friendly initiatives over the last one year.  These, inter-alia, include the following: 

  • The Government had declared a bonus, over and above the MSP, of Rs 200 per quintal for Kharif pulses of 2015-16 season and a bonus of Rs 75 per quintal for Rabi pulses of 2016-17 marketing season. 
  • A new crop insurance scheme ‘Pradhan Mantri Fasal Bima Yojana’ has been launched by the Government. Under this scheme, the premium rates to be paid by farmers are very low - 2 % of sum insured for all Kharif crops, 1.5% for all Rabi crops and 5 % for commercial and horticulture crops. The new insurance scheme involves use of simple and smart technology through phones & remote sensing for quick estimation and early settlement of claims. The Government has also launched crop insurance portal and Mobile app “Crop Insurance” which will help farmers to find out complete details about insurance cover available in their area and to calculate the insurance premium for notified crops. During kharif 2016-17 season, 24 states have already intiated necessary action for implementation in their state. Out of which, 15 states have already completed the biding tendering process for selection of insurance companies. 
  • The Government has also launched a scheme to develop a pan India electronic trading platform under ‘National Agriculture Market’ (NAM) scheme with the aim to integrate 585 regulated markets with the common e-market platform. Each State is being encouraged to undertake three major reforms - allow electronic trading, have a single license valid throughout the State and a single entry point market fee. It will also enable farmers to discover better prices for their produce. 21 markets in 8 states have already been brought on the e-NAM platform. 
  • Soil Health Cards are being issued to farmers across the country. These will be renewed every two years. The card provides information on fertility status of soil and a soil test based advisory on use of fertilizers. As on May 31st 2016, 191,80 lakh Soil Health Cards have been distributed. 
  • Under Paramparagat Krishi Vikas Yojna (PKVY), the Government is promoting organic farming and development of potential market for organic products. 
  • The Pradhan Mantri Krishi Sinchai Yojana is being implemented with the vision of extending the coverage of irrigation ‘Har Khet ko Pani’ and improving water use efficiency ‘Per Drop More Crop ' in a focused manner with end to end solution on source creation, distribution, management, field application and extension activities. 
  • Government is focusing on improving production and productivity of crops such as rice, wheat, coarse grains and pulses under the National Food Security Mission (NFSM).  For 2016-17, out of the total Central Share of Rs 1700 crore under NFSM, Rs, 1100 crore  has been allocated to improve pulse production.
  • A dedicated Kisan Channel has been started by the Doordarshan to provide 24 x 7 information in the hands of farmers regarding weather updates, agri-mandi data etc.
  • Government is also encouraging formation of Farmer Producer Organisations.
  • To stabilize prices of pulses, Government is creating buffer stocks pulses through both domestic procurement and import. 
  • A handbook for women farmers ‘Farm Women Friendly Hand Book’ containing special provisions and package of assistance which women farmers can claim under various on-going Missions/ Submissions/ Schemes of Department of Agriculture, Cooperation & Farmers Welfare has been brought out. Women farmers/beneficiaries could approach the nearest Project Director (ATMA) / Deputy Director (Agriculture) office at District or Block Technology Manager/Assistant Technology Managers at Block level for instant help and facilitation for availing the benefits.
Explore More
140 crore Indians have taken a collective resolve to build a Viksit Bharat: PM Modi on Independence Day

Popular Speeches

140 crore Indians have taken a collective resolve to build a Viksit Bharat: PM Modi on Independence Day
80% of equity mutual funds outperform respective benchmarks in October 2024, PL Wealth study finds

Media Coverage

80% of equity mutual funds outperform respective benchmarks in October 2024, PL Wealth study finds
NM on the go

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
Text of PM Modi's address to the Indian Community in Guyana
November 22, 2024
The Indian diaspora in Guyana has made an impact across many sectors and contributed to Guyana’s development: PM
You can take an Indian out of India, but you cannot take India out of an Indian: PM
Three things, in particular, connect India and Guyana deeply,Culture, cuisine and cricket: PM
India's journey over the past decade has been one of scale, speed and sustainability: PM
India’s growth has not only been inspirational but also inclusive: PM
I always call our diaspora the Rashtradoots,They are Ambassadors of Indian culture and values: PM

Your Excellency President Irfan Ali,
Prime Minister Mark Philips,
Vice President Bharrat Jagdeo,
Former President Donald Ramotar,
Members of the Guyanese Cabinet,
Members of the Indo-Guyanese Community,

Ladies and Gentlemen,

Namaskar!

Seetaram !

I am delighted to be with all of you today.First of all, I want to thank President Irfan Ali for joining us.I am deeply touched by the love and affection given to me since my arrival.I thank President Ali for opening the doors of his home to me.

I thank his family for their warmth and kindness. The spirit of hospitality is at the heart of our culture. I could feel that, over the last two days. With President Ali and his grandmother, we also planted a tree. It is part of our initiative, "Ek Ped Maa Ke Naam", that is, "a tree for mother”. It was an emotional moment that I will always remember.

Friends,

I was deeply honoured to receive the ‘Order of Excellence’, the highest national award of Guyana. I thank the people of Guyana for this gesture. This is an honour of 1.4 billion Indians. It is the recognition of the 3 lakh strong Indo-Guyanese community and their contributions to the development of Guyana.

Friends,

I have great memories of visiting your wonderful country over two decades ago. At that time, I held no official position. I came to Guyana as a traveller, full of curiosity. Now, I have returned to this land of many rivers as the Prime Minister of India. A lot of things have changed between then and now. But the love and affection of my Guyanese brothers and sisters remains the same! My experience has reaffirmed - you can take an Indian out of India, but you cannot take India out of an Indian.

Friends,

Today, I visited the India Arrival Monument. It brings to life, the long and difficult journey of your ancestors nearly two centuries ago. They came from different parts of India. They brought with them different cultures, languages and traditions. Over time, they made this new land their home. Today, these languages, stories and traditions are part of the rich culture of Guyana.

I salute the spirit of the Indo-Guyanese community. You fought for freedom and democracy. You have worked to make Guyana one of the fastest growing economies. From humble beginnings you have risen to the top. Shri Cheddi Jagan used to say: "It matters not what a person is born, but who they choose to be.”He also lived these words. The son of a family of labourers, he went on to become a leader of global stature.

President Irfan Ali, Vice President Bharrat Jagdeo, former President Donald Ramotar, they are all Ambassadors of the Indo Guyanese community. Joseph Ruhomon, one of the earliest Indo-Guyanese intellectuals, Ramcharitar Lalla, one of the first Indo-Guyanese poets, Shana Yardan, the renowned woman poet, Many such Indo-Guyanese made an impact on academics and arts, music and medicine.

Friends,

Our commonalities provide a strong foundation to our friendship. Three things, in particular, connect India and Guyana deeply. Culture, cuisine and cricket! Just a couple of weeks ago, I am sure you all celebrated Diwali. And in a few months, when India celebrates Holi, Guyana will celebrate Phagwa.

This year, the Diwali was special as Ram Lalla returned to Ayodhya after 500 years. People in India remember that the holy water and shilas from Guyana were also sent to build the Ram Mandir in Ayodhya. Despite being oceans apart, your cultural connection with Mother India is strong.

I could feel this when I visited the Arya Samaj Monument and Saraswati Vidya Niketan School earlier today. Both India and Guyana are proud of our rich and diverse culture. We see diversity as something to be celebrated, not just accommodated. Our countries are showing how cultural diversity is our strength.

Friends,

Wherever people of India go, they take one important thing along with them. The food! The Indo-Guyanese community also has a unique food tradition which has both Indian and Guyanese elements. I am aware that Dhal Puri is popular here! The seven-curry meal that I had at President Ali’s home was delicious. It will remain a fond memory for me.

Friends,

The love for cricket also binds our nations strongly. It is not just a sport. It is a way of life, deeply embedded in our national identity. The Providence National Cricket Stadium in Guyana stands as a symbol of our friendship.

Kanhai, Kalicharan, Chanderpaul are all well-known names in India. Clive Lloyd and his team have been a favourite of many generations. Young players from this region also have a huge fan base in India. Some of these great cricketers are here with us today. Many of our cricket fans enjoyed the T-20 World Cup that you hosted this year.

Your cheers for the ‘Team in Blue’ at their match in Guyana could be heard even back home in India!

Friends,

This morning, I had the honour of addressing the Guyanese Parliament. Coming from the Mother of Democracy, I felt the spiritual connect with one of the most vibrant democracies in the Caribbean region. We have a shared history that binds us together. Common struggle against colonial rule, love for democratic values, And, respect for diversity.

We have a shared future that we want to create. Aspirations for growth and development, Commitment towards economy and ecology, And, belief in a just and inclusive world order.

Friends,

I know the people of Guyana are well-wishers of India. You would be closely watching the progress being made in India. India’s journey over the past decade has been one of scale, speed and sustainability.

In just 10 years, India has grown from the tenth largest economy to the fifth largest. And, soon, we will become the third-largest. Our youth have made us the third largest start-up ecosystem in the world. India is a global hub for e-commerce, AI, fintech, agriculture, technology and more.

We have reached Mars and the Moon. From highways to i-ways, airways to railways, we are building state of art infrastructure. We have a strong service sector. Now, we are also becoming stronger in manufacturing. India has become the second largest mobile manufacturer in the world.

Friends,

India’s growth has not only been inspirational but also inclusive. Our digital public infrastructure is empowering the poor. We opened over 500 million bank accounts for the people. We connected these bank accounts with digital identity and mobiles. Due to this, people receive assistance directly in their bank accounts. Ayushman Bharat is the world’s largest free health insurance scheme. It is benefiting over 500 million people.

We have built over 30 million homes for those in need. In just one decade, we have lifted 250 million people out of poverty. Even among the poor, our initiatives have benefited women the most. Millions of women are becoming grassroots entrepreneurs, generating jobs and opportunities.

Friends,

While all this massive growth was happening, we also focused on sustainability. In just a decade, our solar energy capacity grew 30-fold ! Can you imagine ?We have moved towards green mobility, with 20 percent ethanol blending in petrol.

At the international level too, we have played a central role in many initiatives to combat climate change. The International Solar Alliance, The Global Biofuels Alliance, The Coalition for Disaster Resilient Infrastructure, Many of these initiatives have a special focus on empowering the Global South.

We have also championed the International Big Cat Alliance. Guyana, with its majestic Jaguars, also stands to benefit from this.

Friends,

Last year, we had hosted President Irfaan Ali as the Chief Guest of the Pravasi Bhartiya Divas. We also received Prime Minister Mark Phillips and Vice President Bharrat Jagdeo in India. Together, we have worked to strengthen bilateral cooperation in many areas.

Today, we have agreed to widen the scope of our collaboration -from energy to enterprise,Ayurveda to agriculture, infrastructure to innovation, healthcare to human resources, anddata to development. Our partnership also holds significant value for the wider region. The second India-CARICOM summit held yesterday is testament to the same.

As members of the United Nations, we both believe in reformed multilateralism. As developing countries, we understand the power of the Global South. We seek strategic autonomy and support inclusive development. We prioritize sustainable development and climate justice. And, we continue to call for dialogue and diplomacy to address global crises.

Friends,

I always call our diaspora the Rashtradoots. An Ambassador is a Rajdoot, but for me you are all Rashtradoots. They are Ambassadors of Indian culture and values. It is said that no worldly pleasure can compare to the comfort of a mother’s lap.

You, the Indo-Guyanese community, are doubly blessed. You have Guyana as your motherland and Bharat Mata as your ancestral land. Today, when India is a land of opportunities, each one of you can play a bigger role in connecting our two countries.

Friends,

Bharat Ko Janiye Quiz has been launched. I call upon you to participate. Also encourage your friends from Guyana. It will be a good opportunity to understand India, its values, culture and diversity.

Friends,

Next year, from 13 January to 26 February, Maha Kumbh will be held at Prayagraj. I invite you to attend this gathering with families and friends. You can travel to Basti or Gonda, from where many of you came. You can also visit the Ram Temple at Ayodhya. There is another invite.

It is for the Pravasi Bharatiya Divas that will be held in Bhubaneshwar in January. If you come, you can also take the blessings of Mahaprabhu Jagannath in Puri. Now with so many events and invitations, I hope to see many of you in India soon. Once again, thank you all for the love and affection you have shown me.

Thank you.
Thank you very much.

And special thanks to my friend Ali. Thanks a lot.