CCEA hikes MSP for major Rabi crops

Centre hiked the support price to farmers for masoor andgram dals sharply by Rs 250 a quintal each to boost production in the ongoing rabi season and reduce dependency on imports.. Apart from raising the minimum support price (MSP) of pulses, the Cabinet Committee on Economic Affairs (CCEA) approved a bonus of Rs 75 per quintal for gram and masoor dals over and above the support price.

MSP for the 2015-16 Rabi season

• Wheat  has been increased  to 1525 MSP per quintal
• Gram has been increased to 3500 MSP per quintal
• Masur has been increased to 3400 MSP per quintal
• Mustard  has been increased  to 3350 MSP per quintal
• Safflower  has been increased   to 3300 MSP per quintal
• Barley  has been increased to 1225 MSP per quintal

Minimum Support Price (MSP):

MSP is the minimum price paid to the farmer for procuring food crops. It offers an assurance to farmers that their realisation for the agricultural produce will not fall below the stated price. The prices are decided by CCEA on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).

Cabinet Committee on Economic Affairs (CCEA) :

The major function of the Cabinet Committee on Economic Affairs (CCEA) is to review economic trends on a continuous basis, as also the problems and prospects, with a view to evolving a consistent and integrated economic policy framework for the country. It also directs and coordinates all policies and activities in the economic field including foreign investment that require policy decisions at the highest level.

CCEA Members: Chairman: Prime Minister Narendra Modi . Other members of the Committee are Minister of Defence, Minister of Agriculture, Food & Civil Supplies, Consumer Affairs & Public Distribution. Minister of Railways, Minister of Chemicals and Fertilizers, Minister of Finance, Minister of Road Transport & Highways Shipping, Minister of Commerce & Industry, Minister of Power, Minister of Rural development, Minister of Communications & IT.

By: Vishal