NDA Govt Cabinet okays higher MSP for Rabi Crops for the 2016-17 Season.

The NDA Govt Cabinet has increased the Minimum Support Price (MSP) for all Rabi crops for the 2016-17 season.

• wheat raised by ₹100 (6.6%) to ₹1,625 per quintal. 
• barley has gone up by 8.2 %
• gram by 14.3 %
•  masur by 16.2 %
•  rapeseed/mustard by 10.4 % and
•  safflower by 12.1 %

A higher MSP is expected to encourage farmers to sow crops in the ongoing Rabi season. 

Sowing in the Rabi season is gaining pace with total acreage till November 11 at 146.85 lakh hectares.

This is 15.9 % higher than last year’s 127.71 lakh hectares


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