Cabinet approved higher Minimum Support Price and bonus for pulses, oilseed, sesamum

In order to enhance the production of Pulses and Oil seeds and decline the country’s dependency on Imports, the Union Government has increased the Minimum Support Price (MSP) and announced an increase in Bonus for the Kharif Season Crops

Bonus on the three main Varieties of Pulses 

• a.Tur
• b. Arhar
• c. Moong

An increase in the incentive for oil seeds production

Minimum Support Price for

Kharif crops: Paddy, Jowar, Bajra and Maize

Revision of Rate with effective from October 1^st 2016

Announced by: Radha Mohan Singh, Agriculture Minister

Points Delivered by Agriculture Minister:

1. A bonus

• Rs. 425 per quintal for pulses
• Rs. 100 per quintal for oilseed
• Rs. 200 per quintal for sesamum

2. To provide a bonus to farmers to bring more land under these crops

Views of Farmers:

Farmers are not happy due to low allocation of incentives and bonus on considering the rise in cost of production.

Targeting lower imports:

• The enhancement in bonus would be useful for the country as the nations is highly dependent for pulses and oilseeds
• Edible oils and pulses are the two agricultural commodities imported by the country to meet the domestic consumption as local production
• Weak rainfall during the last two years has declined production of pulses and increased the prices this year
• Enhancement in prices has forced the Government to create a buffer stock of pulses.

Minimum Support Price:

• Paddy was hiked by Rs. 60/quintal (4.3%)
• Jowar, bajra, maize and ragi – 3.5 – 4.5 % more