Minimum Support Price (MSP) for Paddy 2019-20

1 minute, 19 seconds Read

Minimum Support Price

Minimum Support Price (MSP) for paddy procurement for Kharif Marketing Season (KMS) 2019-20 was notified by the Government of India vide letter dated 19th July 2019 @ Rs.1835 per quintal for grade ’A’ and Rs.1815 per quintal for common grade for the entire country. Accordingly, paddy procurement by Food Corporation of India (FCI)/ State agencies have started in October 2019.

Telangana has adopted Decentralized Procurement Scheme (DCP) under which the State Government itself undertakes direct purchase of paddy from farmers, and also stores, undertakes milling and distributes the procured rice under National Food Security Act (NFSA) and Other Welfare Schemes (OWS). Any surplus rice over and above the requirement under NFSA &OWS is received by Food Corporation of India (FCI) for Central Pool.

The number of farmers benefitted from the procurement of paddy during the last three years is as under:

Kharif Marketing Season (KMS)2016-172017-182018-19
Number of farmers74,23,78372,32,21697,05,105

 

This information was given in a written reply by the Minister of State for Ministry of Consumer Affairs, Food & Public Distribution, Shri Danve Raosaheb Dadarao in Rajya Sabha today.

Source: Ministry of Consumer Affairs, Food & Public Distribution

Agriculture is the backbone of the Indian Economy”- said Mahatma Gandhi six decades ago. Even today, the situation is still the same, with almost the entire economy being sustained by agriculture, which is the mainstay of the villages. It contributes 16% of the overall GDP and accounts for employment of approximately 52% of the Indian population. Rapid growth in agriculture is essential not only for self-reliance but also to earn valuable foreign exchange.

author

EduTaxTuber Team

We are here to help for every updates related to everything...👍📙👍📗

Similar Posts

Realme 10 Pro and 10 Pro+ Launched RBI Monetary Policy Highlights England vs Senegal: FIFA World Cup 2022 No Curfew in Mumbai: Section 144 Imposed to ensure Peace Elon Musk suspends Kanye West Twitter Account for inciting violence