Modi Cabinet increases MSP for kharif crops
New Delhi, June 1, 2020 : The Modi Cabinet on Monday approved an increase in minimum support price (MSP) for the Kharif crops.
The minimum support price (MSP) of paddy has been hiked by Rs 53 per quintal to Rs 1,868 per quintal for the 2020-21 kharif crop year.
Briefing the media here on the Cabinet decisions, Agriculture Minister Narendra Singh Tomar said that the MSP has been increased for all mandated Kharif crops for marketing season 2020-21. The Cabinet also approved the extension of repayment date for short term loans for agriculture and allied activities by banks which have become due or shall become due between March 1, 2020, and August 31, 2020.
The decision has been taken in view of the situation created by COVID-19. (ANI)