Paddy MSP: Govt’s rice procurement reaches 52.06 million tones to date; makes Rs 1.6 lakh crore MSP cost

The FCI had procured 57.58 million tonnes of rice through the 2021-22 advertising season.

In response to the meals ministry, a complete of 52.06 million tonnes of rice was procured as much as Might 22 of the present kharif advertising season.

As many as 1.12 crore farmers have benefited from the procurement operation. About Rs 1,59,659.59 crore has been paid as minimal help worth (MSP) to them, it stated in an announcement.

The federal government has fastened MSP of ‘frequent’ grade paddy at Rs 2,040 per quintal, whereas ‘A’ grade paddy at Rs 2,060 per quintal for the present yr.

In response to the third estimate of the agriculture ministry, rice output is pegged at a file 135.54 million tonnes for 2022-23 crop yr, as towards 129.47 million tonnes within the earlier yr.

The ministry stated paddy delivered to the acquisition centres that are inside the prescribed high quality specs are bought on the fastened MSP. If the farmers get costs higher than the help worth from different patrons corresponding to merchants/millers and many others., they’re free to promote their produce to them. FCI and the state authorities/businesses be sure that the farmers will not be compelled to promote their produce beneath help worth, it stated.

FCI and many of the state governments have developed their very own on-line procurement system by which farmers get newest/up to date info relating to MSP declared, nearest buy centre, date of procurement and many others., it added.