In the season of 2024-25, the government is taking major steps in favor of farmers. Over the past few years, farmers have to sell their crops at a lower price than the minimum support price (MSP), but the government has now introduced several programs with the help of the Ministry of Agriculture to solve the problem. The most important project is the price support scheme (BSS), which aims to help farmers sell their crops at reasonable prices.
Prices that fall below MSP
As for the farmers, the MSP is very important. It determines that they get the minimum price for their crops. Over the past two years, the prices of pulses and oil seeds in the market have started to fall below the MSP, causing damage to the farmers. Because of this, the government has developed an important program under the BSS. It has approved the purchase of 6 million tonnes of oil seeds and 5 million tonnes of pulses. This project is the largest MSP procurement from 2017-18.
Purchase of crop in MSP
The Ministry of Agriculture has encouraged the purchase of crop in the MSP in several major states for 2024-25 seasons. It has purchased 4.5 million tonnes of pulses from major states such as Karnataka, Maharashtra, Madhya Pradesh, Uttar Pradesh, Chhattisgarh and Tamil Nadu. This includes Tur, Gram, Urath, lentils and Mong. In addition, mustard and peanut under the PSS will be purchased on the MSP, which is a good opportunity for farmers.
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PSS purpose
The purpose of the BSS is to provide farmers a fair price for their products. When market prices go down to MSP, government agencies buy their crops from farmers under the PSS on the MSP. This provides good prices to farmers and helps keep the market prices stable.
Domestic production
The government has eliminated the purchase limit of TUR, Urath and legumes under PSS. This will give farmers the opportunity to sell their crops more and increase domestic production. In addition, this will also reduce importation, which will be a huge success for the Indian agriculture sector.
Ministry of Agriculture
Agriculture Minister Shivraj Singh Singh Chauhan has already said that the government will continue to buy oil seeds and pulses in the MSP to get the beneficial prices. Under this scheme, government companies will buy large quantities of oil seeds and pulses from farmers, which will provide them with better economic conditions.
2024-25 Product for Carif Season
During the Carib season of 2024-25, the central and state governments have purchased soybeans and peanuts from farmers. It is a great leading and 1.3 million farmers compared to previous years.
(Tagstotranslate) MSP (T) Purchases (T) Pulses and Oil Seeds (T) Government (T) Price Support Scheme (T) Pulse on MSP
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