The MSP for Rabi marketing season 2023–2024 or MSP for Rabi crops 2022–2023 has been authorised by the central government. The minimum support prices for all required rabi crops 2022–2023 that are to be sold in 2023–2024 are now available for public inspection. The Rabi Crops MSP 2022–2023 has now been enhanced in accordance with the Swaminathan Commission's recommendations.
Safflower (Rs. 209 per quintal), wheat, and lentils have received the biggest increases in MSP, which are each announced at Rs. 500 per quintal and Rs. 400 per quintal, respectively (Rs. 110 per quintal). An rise of Rs. 100 and Rs. 105 per quintal, respectively, has been declared for barley and gramme. The goal of the differential compensation is to promote crop diversification.
MSP for RMS 2023–2024 and Rabi Crops 2022–2023
Winter and spring are the two seasons for rabi crop production. Crops to be marketed during the Rabi Marketing Season (RMS) 2023–24 will be subject to the new increased Rabi Crops MSP 2022–23. With this new MSP policy, a minimum profit margin of 50% is guaranteed. Raising Rabi Crops MSP 2022–2023 is a significant step towards increasing farmers' income.
| Crop | MSP for RMS 2021-22 (Rs. / quintal) | MSP for RMS 2022-23 (Rs. / quintal) | MSP for RMS 2023-24 | Cost of production 2023-24 (Rs. / quintal) | Absolute Increase in MSP | Return over cost (%) |
|---|---|---|---|---|---|---|
| Wheat | 1975 | 2015 | 2125 | 1065 | 110 | 100 |
| Barley | 1600 | 1635 | 1735 | 1082 | 100 | 60 |
| Gram | 5100 | 5230 | 5335 | 3206 | 105 | 66 |
| Masur (Lentil) | 5100 | 5500 | 6000 | 3239 | 500 | 85 |
| Rapeseed & Mustard | 4650 | 5050 | 5450 | 2670 | 400 | 104 |
| Safflower | 5327 | 5441 | 5650 | 3765 | 209 | 50 |
Paid Out Costs Included in New Rabi Crops MSP
These new MSPs for Rabi Crops for 2022-23 season or MSP RMS 2023-24 will includes all paid out costs which are incurred by farmers on following things:-
- Hired human labour,
- Bullock labour / machine labour
- Rent incurred for leased in land
- Expenses incurred on material inputs like seeds, fertilizers, manures
- Irrigation charges
- Depreciation on implements and farm buildings
- Interest on working capital
- Diesel / electricity for operation of pump sets
- Inputed value of family labour
The increase in MSP for Rabi crops for marketing season 2023-24 is in line with the principle of fixing the MSPs at a level of at least 1.5 times of the All-India weighted average Cost of Production as announced in Union Budget 2018-19.
Hike in Rabi Crops MSP 2022-23 by Cabinet Committee
For the Rabi crops to be marketed in Rabi Marketing Season 2023-24, the highest increase in MSP is recommended for lentil (Rs. 500 per quintal) and rapeseed & mustard (Rs. 400 per quintal). This Rabi Crops MSP 2022-23 increase is followed by safflower (Rs. 209 per quintal) to raise the income of farmers. MSP of wheat is increased by Rs. 110 per quintal and Gram MSP raised by Rs. 105 per quintal. The least increase is observed for the Barley Crops which is raised by Rs. 100 per quintal.
Expected Returns to Farmers Over Cost of Production
The expected returns to farmers over their cost of production are estimated to be highest in case of Rapeseed & Mustard (104%) and Wheat (100%) followed by lentil (85%), gram (66%), barley (60%) and safflower (50%). The central government will provide support in form of MSP as well as procurement.
Modi Govt. Regularly Working on Raising MSP of Rabi Crops
Concerted efforts were made over the last few years to realign the MSPs in favour of oilseeds, pulses and coarse cereals to encourage farmers shift to larger area under these crops and adopt best technologies and farm practices, to correct demand – supply imbalance.
Additionally, National Mission on Edible Oils-Oil Palm (NMEO-OP), Centrally Sponsored Scheme recently announced by the government, will help in increasing the domestic production of edible oils and reduce imports dependency. With the total outlay of Rs. 11,040 crore, the scheme will not only aid in expanding area and productivity of the sector, but also benefit the farmers by increasing their income and generation of additional employment.
Procurement of Rabi Crops at MSP in RMS 2023-24
Food Corporation of India (FCI) and other state agencies will continue to provide price support to farmers in case of cereals. The respective state govt’s are going to take procurement of coarse grains with approval from central government. Moreover, the state govt. will even distribute entire procured quantity under NFSA. Govt. will provide subsidy for quantity issued under NFSA. The government has set up a buffer stock of pulses and domestic procurement of pulses is also being done under Price Stabilization Fund (PSF).
NAFED, SFAC and other central govt. agencies will continue to undertake procurement of pulses and oilseeds. The losses suffered by nodal agencies may be fully reimbursed by the central government as per the guidelines.
PM Kisan Samman Nidhi Yojana (PM-KISAN)
To ensure income security of farmers, central govt. has shifted its focus from production-centric approach to income-centric one. For this purpose, the Union govt. had increased coverage of PM Kisan Samman Nidhi Yojana (PM-KISAN) to all farmers. In this scheme, all the farmers with no limit on land holding are getting Rs. 6000 per year in 3 equal installments.
PM Annadata Aay SanraksHan Abhiyan (PM-AASHA)
Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) umbrella scheme was announced by central government in FY 2018. This scheme aims to provide remunerative return to farmers for their produced crops. PM-AASHA scheme comprises of 3 sub-schemes – Price Support Scheme (PSS), Price Deficiency Payment Scheme (PDPS) and Private Procurement & Stockist Scheme (PPSS). These 3 sub schemes of PM AASHA Yojana will aid in procurement of pulses and oilseeds.
For more details, visit the official website at https://farmer.gov.in/mspstatements.aspx
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