According to the recent information it has been indicated by the Punjab Chief Minister Parkash Singh Badal sought a hike of Rs550 per quintal in the minimum support price (MSP) in the common variety of paddy for the next year. In Chief Minister’s office a Spokesperson said the Agriculture Department had forwarded a detailed proposal to the Commission for Agriculture Costs & Prices (CACP) for seeking a hike in the MSP of the common variety of paddy from Rs1,410 in 2015-16 to Rs1,960 per quintal in 2016-17. Agriculture Department also sought an upward revision in the MSP of paddy grade ‘A’ variety from Rs2,011 per quintal.
Further in this context spokesperson said the Chief Minister demanded the MSP of maize be hiked from Rs1,325 to Rs1,900 per quintal and cotton from Rs3,800-4,000 to Rs5,949 per quintal in the proposal forwarded to CACP. Similarly, the proposal stipulated an increase in the MSP of moong from Rs 4, 650 to Rs 6,300 per quintal, maha and arhar from Rs4,425 per quintal each to Rs6,100 and Rs6,000, respectively. Besides, the CM also envisaged an increase in the MSP of groundnut from Rs4,030 to Rs5,500 per quintal.
Further, the Chief Minister Badal has narrated in this regard that the hike in the MSP of above mentioned crops during the kharif 2016-17 was necessitated to boost crop diversification plan, especially for the promotion of crops such as maize, cotton, moong, maha, arhar and groundnut in the state. Further, the spokesperson said the move would not only benefit the state’s peasantry substantially but also help the state to arrest the trend of declining groundwater.