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Govt is procuring crops at 1.5 times of MSP: Sitharaman

  •   Mon, Feb 01 2021 02:41:56 PM

New Delhi, Feb 1 (IANS): Finance Minister Nirmala Sitharaman on Monday said that farmers are getting 1.5 times of the minimum support price (MSP) on procurement of foodgrains.

In her Budget speech, the Finance Minister said that the procurement of crops will continue at the MSP.

Presenting statistics on procurement of wheat and rice on the MSP, she said that this year Rs 1,72,752 crore is estimated to be spent on procurement of paddy while Rs 63,928 crore was spent in 2013-14. On procurement of wheat, Rs 62,802 crore was spent in 2019-20 which rose to Rs 75,060 core in 2020-21 while only Rs 33,874 crore was spent for the purpose in 2013-14.

The Finance Minister said that on procurement of pulses only Rs 236 crore was spent in 2013-14 but the expenditure rose to Rs 8,285 in 2019-20 during the present government which further increased to Rs 10,530 crore in 2020-21. Hence, expenditure on procurement of pulses rose over 40 times as compared to 2013-14.

One of the two main demands of the farmers protesting at Delhi's borders for more than two months has been a legal guarantee on the MSP by the government.

While the government has reiterated that the present system of procurement of crops at the MSP will continue.

 
  

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Comment on this article

  • David Pais, Mangalore

    Mon, Feb 01 2021

    true lie. w/o lies & faking dis govt will never survive

    DisAgree [1] Agree [1] Reply Report Abuse

  • Ganesh Shetty, MANGALURU

    Mon, Feb 01 2021

    India should import food grains if import is cheaper than the MSP.

    DisAgree Agree [2] Reply Report Abuse

  • Deshbhakt, Mangalore

    Mon, Feb 01 2021

    Why would India import when there is fertile land and sufficient water to grow it's own food grains ? Wasn't there food production happening before 2020 in India ? The current government is making things messy by involving corporate honchos into agriculture.

    The government is all so free to let the rich business families' involvement in agriculture but it should start from the APMG onwards, not from the fields where the crops are sowed/harvested. Leave the farmers to function as they were, do not stir their tranquility. If at all the corporates want to help, let them donate a tiller, tractor or an harvesting machine. Do not get the farmers sign contracts that are complex and full of tricky clause to deceive the illiterate, gullible farmers.

    DisAgree [1] Agree [3] Reply Report Abuse

  • Ganesh Shetty, MANGALURU

    Mon, Feb 01 2021

    You say and i quote "Why would India import when there is fertile land and sufficient water to grow it's own food grains" ?.

    At least use google and know what the water table in Punjab & Haryana was few decades old and what it is now. the water table these states is going down at an alarming rates. Not just that it is going down in other states too.

    Remember that excessive agriculture will destroy the top soil. we should give sufficient time for top soil to heal.

    Agriculture is also one of the reasons for global warming & climate change. There is optimum for everything more so in the case of Agriculture.

    DisAgree [1] Agree Reply Report Abuse


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