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A boost to farmers income

News and Press Release - Dated:- 16-11-2016 - Cabinet approves enhanced MSP for Rabi Crops of 2016-17 season Announces Bonus for Gram, Masur, Rapseed/Mustard and Safflower cultivation 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 Rabi Crops of 2016-17 Season. Further, to incentivise cultivation of pulses and oil seeds, in the country Government has announced a bonus .....

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350 3700 (includes bonus of ₹ 100 per quintal) 350 10.4 Safflower 3300 3700 (includes bonus of ₹ 100 per quintal) 400 12.1 The approval to increase MSPs is based on the recommendations of Commission for Agricultural Costs and Prices (CACP) which while recommending MSPs 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 on the r .....

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recommendations of the CACP. There is an increasing gap between the domestic demand and supply of pulses and oilseeds as a result of which 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 wate .....

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and pulses as per their capacity. Background: Besides increase in Minimum Support Prices (MSP) of Rabi crops, Government has taken several farmer friendly initiatives. These, inter-alia, include the following: The Government had declared a bonus, over and above the MSP, of ₹ 75 per quintal for Rabi pulses of 2016-17 marketing season, a bonus of ₹ 425 per quintal for Kharif pulses viz. Arhar, Moong and Urad, a bonus of Rs 200 per quintal for Sesamum and a bonus of ₹ 100 per qui .....

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f claims. The Government has also launched a 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. The Government has also launched a scheme to develop a pan India electronic trading platform under 'National Agriculture Market' (NAM) aiming to integrate 585 regulated markets with the common e-market platform. Each State is being encouraged to undertake three m .....

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