HomeNewsEconomyPolicyGovt forms panel to look into ways to strengthen MSP system

Govt forms panel to look into ways to strengthen MSP system

It includes farmer representatives, state government representatives and central government officials

August 05, 2022 / 16:02 IST
Story continues below Advertisement
Representative Image
Representative Image

The government has constituted a committee to look into ways to strengthen the minimum support price (MSP) system for farmers going ahead, Minister of State for Agriculture Kailash Choudhary said in the Rajya Sabha on Friday. "A committee has been formed regarding diversification, natural farming and MSP," the minister said while replying to a query during the Question Hour.

It includes farmer representatives, state government representatives and central government officials, he added. The committee will look into ways to strengthen the MSP system and how farmers can take benefit out of the support price mechanism, the minister noted.

Story continues below Advertisement

The government will consider the recommendations of the committee, he added. Choudhary was replying to a question from Tiruchi Siva (DMK) who wanted to know whether the government has any plans to increase the MSP to 200 percent of the production cost of the farmers.

Former agriculture secretary Sanjay Agrawal is the chairman of the committee. Replying to a separate query from KR Suresh Reddy (TRS), Choudhary said the budgetary allocation for agriculture has been increasing year on year and has already touched Rs 1.32 lakh crore mark.