- The Centre has announced a Rs15,053 crore scheme to ensure that farmers growing oilseeds, pulses and copra actually get the minimum support price (MSP) they are promised for their crops every year.
- The umbrella policy Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) was approved by the Cabinet Committee on Economic Affairs.
- The government announces minimum support prices for 23 crops every year. This year, these rates were set at 50% higher than the farmers’ production costs, including that for labour. The rates are meant to give remunerative prices to the farmers and assure them of some profits. About one-third of the harvest of the two major foodgrains, rice and wheat, are procured by the Centre at the MSP for sale in ration shops.
Cabinet clears new procurement policy
