Sign In
Learn bits
Economy
Komal gupta

01/12/21 14:05 PM IST

Source: PIB

MSP for Rabi Crops for 2022-23

In News

Government has recently announced Minimum Support Prices (MSP) for 6 mandated rabi crops viz. wheat, barley, gram, masur (lentil), rapeseed & mustard and safflower.

Background

  • The NITI Aayog (erstwhile Planning Commission) has conducted a study entitled “Efficacy of minimum support prices on farmers”, 2016.
  • The study has found that MSP declared by the Government has encouraged 78 % of the farmers covered under the study for adopting improved methods of farming such as high yielding varieties of seeds, organic manure, chemical fertilizer, pesticides and improved methods of harvesting etc.

Minimum Support Price (MSP) for Rabi Marketing Season 2022-23                                                                      

Sl. No.

COMMODITY

MSP (₹/quintal)

1

WHEAT

2015

2

BARLEY

1635

3

GRAM

5230

4

MASUR (LENTIL)

5500

5

RAPESEED & MUSTARD

5050

6

SAFFLOWER

5441

More Related Current Affairs View All

05 Aug

ICJ ruling means for the Kyoto Protocol

'The ICJ has  emphasised the significance of the totality of the climate regime, including the United Nations Framework Convention on Climate Change (UNFCCC), the Kyoto Protoc

Read More

05 Aug

NASA-ISRO NISAR satellite

'NISAR was built in collaboration with  the US and India under a partnership agreement signed in 2014, and is set to launch from Satish Dhawan Space Centre in Andhra Pradesh,

Read More

05 Aug

Chronic traumatic encephalopathy (CTE)

'In a note that police found in his wallet, the gunman who killed four people in New York on Monday claimed he had chronic traumatic encephalopathy (CTE) — a result of playin

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps