DAILY NEWS ANALYSIS
14 September, 2021
12 Min Read
Increased procurement under at MSP During 2020-21 :-
As against previous year procurement of 773.45 LMT,over 879 LMTs of paddy procured on MSP for ongoing season for 2020-21 benefitting about 130 Lakh farmers. Around 433.44 LMT wheat was procured for RMS 2021-22, against the last year corresponding purchase of 389.93 LMT, benefitting about 49.20 Lakh farmers.
During the cropping year 2020-21 which includes Kharif 2020-21, Rabi 2021 and Summer 2021 season, the Government through its Nodal Agencies has procured 12 LMT of pulses and oilseeds having MSP value of Rs. 6,742 Crores benefitting more than 7 lakhs farmers.
During the current year ,a quantity of 91,89,310 cotton bales valuing Rs. 26,719.51 crore has been procured from 18.86 lakhs cotton farmers.
Manifold increase in Govt. Procurement in recent years
Procurement of MSP crops has increased manifold during the recent years. Comparative statement of procurement of major crops during the 2009-10 to 2013-14 and last five years are as under:
Source: PIB
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