The Centre has announced a Rs15,053 crore scheme to ensure that farmers growing oilseeds, pulses and copra actually get the minimum support price (MSP) they are promised for their crops every year.
The umbrella policy Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) was approved by the Cabinet Committee on Economic Affairs.
The government announces minimum support prices for 23 crops every year. This year, these rates were set at 50% higher than the farmers’ production costs, including that for labour. The rates are meant to give remunerative prices to the farmers and assure them of some profits. About one-third of the harvest of the two major foodgrains, rice and wheat, are procured by the Centre at the MSP for sale in ration shops.