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Prime Minister Narendra Modi has said that the Minimum Support Price (MSP) of notified crops should be remunerative. Addressing the nation in his 42nd ‘Mann Ki Baat’ on the radio, the PM said: “It has been decided that the MSP of notified crops will be fixed at least one and a half times of their cost.”
He added: “The MSP will include labour cost of other workers employed, expenses incurred on own animals and on animals and machinery taken on rent, cost of seeds, cost of each type of fertiliser used, irrigation cost, land revenue paid to the State government, interest paid on working capital, and ground rent in case of leased land.”
“Not only this, the cost of labour of the farmer himself or any other person of his family who contributes in agricultural work will also be added to the cost of production,” Modi added.
Agri-marketing reforms
Stressing on the need to link the farmer to the marketplace, Modi said that a system is being set up wherein farms in any part of the country will have a market-connect.
“Twenty-two thousand rural haats in the country will be upgraded by creating the necessary infrastructure and these will be integrated with the APMC (Agricultural Produce Market Committee) and e-NAM (National Agriculture Market) platforms so that the farmers do not have to go to distant places to sell their produce,” he said.
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