The Union Cabinet on Wednesday moved to support the support of the Indian agricultural sector, while Greenlight has higher prices of support prices for 14 crops and the extension of the key interest subsidy system.
Cabinet supported a significant hike at a minimum support price (SME) for pigeon peas or Tur, £450 to £8,000 on Quinttal, next to the increase for other terminals like Paddy and Moong. The decisions, which are governed by the recent protests of farmers near the capital, also appear before the elections to the Assembly, which was planned this year and early next year.
In addition to Paddy, the main crop includes Kharif, others who get SMEs, include Moong, Urad and Cotton. The highest absolute increase was for Nigerseed, followed by ragi (see graph). In terms of percentage, the biggest hike was for ragi and the lowest for Moong. The increase ranges from 1% to 13.9%.
“The SMEs of all crops were increased by ensuring that at least 1.5 times the average production costs throughout the country,” said Minister of Agriculture Shivraj Singh Chouhan for publishing X. “This decision is a big step to authorize, prosperous and independent and independent revenues”.
While the MSP revision is an annual affair based on market prices, the last increase comes before the elections at the end of this year in Bihar, a key politically significant and agrarian state. Paddy, Tur, Moong and Corn are among the main crops grown in the state that Prime Minister Modi visits on Thursday and Friday. It would be his third visit to the state this year.
In the last few years, the revenues of SMEs and farmers have dominated debates and protests, after the government introduced and then withdrew three agricultural laws on the reform of agriculture. Until recently, farmers from Punjab and Haryan protested near the border with Delhi who were looking for a legal guarantee of SMEs on crops. In 2022, the Center was also a committee for the minimum support price (MSP), led by the former Minister of Agriculture Sanjay Agrawal, who still has to present his report to the government.
The National Commission for Farmers, chaired by Mrs. Swaminathan, submitted five reports between December 2004 and October 2006 and recommended improvement in the MSP. He also said that the SME should be at least 50% more than weighted average production costs.
Sudhir Panwar, a farm expert and a former member of the Uttar Pradesh planning Commission, said: “The MSP hike is only 3%, which is lower than inflation and increasing costs. The SME is only for symbolic value without purchase agreement.”
The official statement stated that the increase is in accordance with the FY19 announcement on the determination of SME at least 1.5 times the national weighted average manufacturing costs. Expected margins for farmers regarding their production costs are estimated at the highest in the case of Bajra (63%) followed by corn (59%), Tur (59%) and Urad (53%). For the rest, it is estimated that the margins of farmers about their production costs are 50%, she said.
The Indian Association of vegetable oil producers (IVPA) welcomed the decision to increase SME for oilseeds. “This is an early and progressive step in accordance with the national priority of increasing the production of oilseeds and reducing India’s dependence on imports,” said Sudhakar Desai, President of IVPA. At the same time, the organization urged the government to consider the expansion of public procurement interventions outside mustard to other main oil seeds. According to Desai, these measures will provide price stability and support farmers throughout the oilseed spectrum.
In another agriculture decision, the Cabinet for FY26 for FY26 approved a detailed interest within the system of a modified interest (Miss). Miss is a system aimed at ensuring the availability of available short -term loan to farmers via Kisan Credit Card (KCC) where farmers receive short -term loans to £3 MAKH at a subsidized rate of 7%, with 1.5% of the interest -bearing interest provided by eligible credit institutions.
Another decision was approved by the Cabinet Committee for Economic Affairs The construction of a four-lane railway corridor Badvel-Nelore with a length of 108 km for the price for the price for the price £3653.10 Crore in Andhra Pradesh on NH 67. It provides connectivity to important nodes in three industrial corridors Andhra Pradesh. The corridor starts from the Gopavaram village on the existing NH-67 highway in the YSR Kadapa district and ends at the Krishnapatnam intersection on NH-16 (Chennai-Kokata) in the district of the SPSR Nellore in Andhra Pradesh.
The Cabinet also approved two projects with multiple monitoring across Indian railroads-Ratlam-Nagda 3. £3 399 crore. Both of them are expected to be completed by 2029-30.
With the new approval of infrastructure projects involving railway and highway industries so far, the government has cleared projects worth £4.5 trillion to provide an efficient transport system and reduce logistics cost.
(Tagstotranslate) Cabinet meeting
