Deputy CM hails Union Cabinet’s decision on MSP
ITANAGAR, July 4: Deputy Chief Minister Chowna Mein said that the state government has welcomed the increase in the Minimum Support Price (MSP) for all Kharif Crops for 2018-19 approved by the Cabinet Committee on Economic Affairs chaired by the Prime Minister, Narendra Modi on Wednesday.
Terming the decision of the CCEA as historic, he said, “it will help to achieve the objective of doubling farmer’s income by 2022 and will give much succor to the farmers”.
An official release from the PMO said that giving a boost to farmers’ income, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the increase in the MSP for all kharif crops for 2018-19 seasons. The decision of the CCEA is a historic one as it redeems the promise of the pre-determined principle of fixing the MSPs at a level of at least 150 percent of the cost of production announced by the Union Budget for 2018-19. The Commission for Agricultural Costs and Prices (CACP) has recommended MSPs for all kharif crops broadly in line with the announced principle.
The Union Budget for 2018-19 had indicated that a paradigm shift in the agricultural policies is needed to achieve the objective of doubling farmers' income by 2022 through greater emphasis on generating higher incomes of farmers.
Mein added that the steps taken by the Union Government is in the true spirit of ‘Sabka Saath, Sabka Vikash’.