न्यूनतम समर्थन मूल्य:- The government consistently works towards farmer development through various schemes, including those that ensure a minimum price for crops, known as the Minimum Support Price (MSP). This article aims to provide essential information about MSP 2024, covering its purpose, benefits, features, eligibility, and more. If you’re interested in gaining a comprehensive understanding of Niyuntam Samarthan Mulye, we invite you to read the article until the end for all the details.
What is Minimum Support Price?
Contents
The Minimum Support Price (MSP) is the government-set minimum value for crops, ensuring farmers receive no less when selling to the government. This price, applicable to 23 crops, encompasses 7 cereals (like paddy, wheat, maize, millet, jowar, ragi, and barley), 5 pulses (gram, arhar, urad, moong, and lentil), 7 oilseeds (rapeseed-mustard, groundnut, soybean, sunflower, sesame, safflower, nigerseed), and 4 commercial crops (cotton, sugarcane, copra, and raw jute).
MSP guarantees a subsidized price for both farmers and consumers. Announced annually, the Minimum Support Price is determined by the government based on recommendations from the Commission for Agricultural Costs and Prices, considering inputs from state governments and central departments.
In a recent update on September 14th, the Uttar Pradesh Cabinet approved the paddy procurement policy for the Kharif Marketing Year 2024 under the Price Support Scheme. This decision outlines a target to procure 70 lakh tonnes of paddy through multiple agencies and purchasing centers, including the Food Department and the Food Corporation of India. The policy emphasizes online registration of farmers, online paddy purchases, and biometric confirmation through electronic POS machines, enhancing transparency in the procurement process. Payments for paddy will be swiftly processed through the PFMS portal of the Central Government. Additionally, Farmer Producer Organizations (FPO) and Farmer Producer Companies (FPC) affiliated with Mandi Parishad are authorized to participate in procurement activities.
Minimum Support Price Overview
| Scheme Name | Minimum Support Price |
| Who started | Central Government |
| Beneficiary | Farmers of the country |
| Objective | To provide a fair price for crops to farmers |
| Category | Sarkari Yojana |
| Official Website | https://dfpd.gov.in/ |
| Year | 2024 |
Objective of Minimum Support Price
The Minimum Support Price (MSP) aims to ensure that farmers receive a fair value for their crops. The government sets a minimum price for around 25 crops, preventing them from being sold below this threshold. This initiative is designed to assist farmers in securing the rightful value for their produce. By implementing the Minimum Support Price Scheme, farmers gain empowerment and self-reliance, leading to an enhancement in their living standards. Additionally, consumers benefit from reasonable crop prices. The government declares this price annually based on recommendations from the Agricultural Costs and Prices Commission.
Minimum support price is provided on 25 major agricultural crops
The Minimum Support Price (MSP) ensures that farmers earn a minimum profit of 50% over the cost of production. Additionally, farmers have the flexibility to sell their crops to NGOs if they receive better terms or prices than the MSP. Initiated in 1966, this scheme covers 25 major agricultural crops annually, with 14 in the Kharif season and 7 in the Rabi season. In the 2020-21 period, 2.04 crore farmers benefited from this initiative, which was established to guarantee farmers the right price for their crops. The scheme aims to empower farmers nationwide, fostering self-reliance and improving their overall standard of living.
Crops covered under Minimum Support Price
| अनाज | धान | गेहूं | मक्का | बाजरा | ज्वार | रागी | जौ |
| दालें | चना | अरहर | उड़द | मूंग | मसूर | ||
| तिलहन | रेपसीड-सरसों | मूंगफली | सोयाबीन | सूरजमुखी | तिल | कुसुम | नाइजरसीड् |
| व्यवसायिक फसल | कपास | गन्ना | खोपरा | कच्चा जूट |
Benefits and features of Minimum Support Price
- The Minimum Support Price (MSP) is the lowest price guaranteed by the government for agricultural crops. This ensures that farmers receive a subsidized rate, and the government commits to purchasing the crop at this predetermined price. Currently applicable to 23 crops, including 7 grains, 5 pulses, 7 oilseeds, and 4 commercial crops, MSP is an annual announcement by the Central Government.
- The Commission for Agricultural Costs and Prices, with input from state governments and central departments, recommends the MSP. This mechanism, initiated in 1966, aims to secure farmers a profit of at least 50% over production costs. It covers 25 major crops each year, comprising 14 in the Kharif season and 7 in the Rabi season.
- Farmers benefiting from MSP, which totaled 2.04 crore in the 2020-21 period, gain financial security. Importantly, if farmers receive better terms or prices than the MSP, they are free to sell their produce to non-government entities. This initiative seeks to empower farmers nationwide, enhance self-reliance, and improve their overall standard of living.
Minimum Support Price for Rabi Season 2024
| Fasal | MSP for RMS | MSP for RMS | Production cost * | Increase in MSP (Entire) | ROI (in percentage) |
| गेहूं | 1975 | 2015 | 1008 | 40 | 100 |
| जौ | 1600 | 1635 | 1019 | 35 | 60 |
| चना | 5100 | 5230 | 3004 | 130 | 74 |
| मसूर की दल | 5100 | 5500 | 3079 | 400 | 79 |
| कैनोला और सरसो | 4650 | 5050 | 2523 | 400 | 100 |
| सूरजमुखी के बीज | 5327 | 5441 | 3627 | 114 | 50 |
Minimum Support Price provided by the government
| Commodity | Variety | 2010-11 | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 |
| Kharif Crop | Paddy Common | 1000 | 1080 | 1250 | 1310 | 1360 | 1410 | 1470 | 1550 | 1750 | 1815 | 1868 | 1940 |
| Grade ‘A’ | 1030 | 1110 | 1280 | 1345 | 1400 | 1450 | 1510 | 1590 | 1770 | 1835 | 1888 | 1960 | |
| Tide Hybrid | 880 | 980 | 1500 | 1500 | 1530 | 1570 | 1625 | 1700 | 2430 | 2550 | 2620 | 2738 | |
| Maldandi | 900 | 1000 | 1520 | 1520 | 1550 | 1590 | 1650 | 1725 | 2450 | 2570 | 2640 | 2758 | |
| Millet | 880 | 980 | 1175 | 1250 | 1250 | 1275 | 1330 | 1425 | 1950 | 2000 | 2150 | 2250 | |
| Ragi | 965 | 1050 | 1500 | 1500 | 1550 | 1650 | 1725 | 1900 | 2897 | 3150 | 3295 | 3377 | |
| Pigeon Pea | 3000 | 3200 | 3850 | 4300 | 4350 | 4625^ | 5050^^ | 5450^ | 5675 | 5800 | 6000 | 6300 | |
| Moong | 3170 | 3500 | 4400 | 4500 | 4600 | 4850^ | 5225^^ | 5575^ | 6975 | 7050 | 7196 | 7275 | |
| Urad | 2900 | 3300 | 4300 | 4300 | 4350 | 4625^ | 5000^^ | 5400^ | 5600 | 5700 | 6000 | 6300 | |
| Cotton Medium | 2500 | 2800 | 3600 | 3700 | 3750 | 3800 | 3860 | 4020 | 5150 | 5255 | 5515 | 5726 | |
| Cotton Long | 3000 | 3300 | 3900 | 4000 | 4050 | 4100 | 4160 | 4320 | 5450 | 5550 | 5825 | 6025 | |
| Groundnut | 2300 | 2700 | 3700 | 4000 | 4000 | 4030 | 4220* | 4450^ | 4890 | 5090 | 5275 | 5550 | |
| Sunflower Seeds | 2350 | 2800 | 3700 | 3700 | 3750 | 3800 | 3950* | 4100* | 5388 | 5650 | 5885 | 6015 | |
| Soybean Black | 1400 | 1650 | 2200 | 2500 | 2500 | 2500 | 2500 | 3399 | 3710 | 3880 | 3950 | ||
| Soybean Yellow | 1440 | 1690 | 2240 | 2560 | 2560 | 2600 | 2775* | 3050^ | 3399 | 3710 | 3880 | 3950 | |
| Rosewood | – | 2900 | 3400 | 4200 | 4500 | 4600 | 4700 | 5000^ | 5300* | 6249 | 6485 | 6855 | |
| Niger Seed | – | 2450 | 2900 | 3500 | 3500 | 3600 | 3650 | 3825* | 4050* | 5877 | 5940 | 6695 | |
| Rabi Crop | Wheat | 1120 | 1285 | 1350 | 1400 | 1450 | 1525 | 1625 | 1735 | 1840 | 1925 | 1975 | 2015 |
| Barley | – | 780 | 980 | 980 | 1100 | 1150 | 1225 | 1325 | 1410 | 1440 | 1525 | 1600 | |
| Gram | – | 2100 | 2800 | 3000 | 3100 | 3175 | 3500** | 4000^ | 4400! | 4620 | 4875 | 5100 | |
| Lentil | – | 2250 | 2800 | 2900 | 2950 | 3075 |
Minimum Support Price Login Process
- Go to the Minimum Support Price official website https://dfpd.gov.in/.
- Click on the login option.
- Enter your state and password on the new login page.
- Click on the login option.
Conclusion
The government has resolved to provide secure and equitable prices to farmers through the prices provided by the Minimum Support Price (MSP) Chart 2024. This chart is for 23 major crops on which the government has implemented MSP, ensuring that farmers get profits at a minimum of 50% of the cost. This will not only provide literature to the farmers, but will also improve the social and economic condition of the common people.
FAQ’s
What is MSP?
MSP stands for Minimum Support Price, which is the minimum price set by the government for agricultural crops.
What is the MSP Chart 2024?
The MSP Chart 2024 provides the specific prices determined by the government for various crops in the year 2024.
What is the objective of MSP?
The primary objective of MSP is to ensure fair and remunerative prices for farmers' crops.
How does MSP benefit farmers?
MSP ensures that farmers receive a minimum price for their crops, providing financial security and preventing exploitation.
Which crops are covered in the MSP Chart 2024?
The MSP Chart 2024 covers 23 major crops, including cereals, pulses, oilseeds, and commercial crops.
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