PM Modi’s Mann Ki Baat: Will ensure adequate returns to farmers, all input costs will be considered while fixing MSP

The Prime Minister said a major decision was taken in this year’s budget to ensure adequate returns to farmers when the government decided to give at least one-and-a-half times the input costs as MSP for the scheduled crops.

india Updated: Mar 25, 2018 12:39 IST
Prime Minister Narendra Modi during his Mann Ki Baat address said while calculating the MSP, the input costs such as labour, expenditure on machines and animals, cost of seeds, fertilisers, irrigation, land revenue, interest on working capital, rent of leased land and even the labour cost of the farmer and his family will be considered.
Prime Minister Narendra Modi during his Mann Ki Baat address said while calculating the MSP, the input costs such as labour, expenditure on machines and animals, cost of seeds, fertilisers, irrigation, land revenue, interest on working capital, rent of leased land and even the labour cost of the farmer and his family will be considered. (ANI Twitter)

Prime Minister Narendra Modi said on Sunday each and every expense incurred by a farmer will be considered, including his labour, while fixing the minimum support price (MSP) at 1.5 times the input cost.

While addressing his monthly radio programme Mann Ki Baat, the Prime Minister said a major decision was taken in this year’s budget to ensure adequate returns to farmers when the government decided to give at least one-and-a-half times the input costs as MSP for the scheduled crops.

Modi said while calculating the MSP, the input cost to be considered will include the labour cost, expenditure on machines and animals, hire cost of seeds, fertilizers, irrigation, land revenue, interest on working capital, rent of leased land and even the labour cost of the farmer and his family.

“Further to ensure adequate income to farmers, agriculture marketing reforms are being initiated in a big way. Efforts are being made to link village markets to wholesale market and global market,” he said.

The Prime Minister further said to ensure that farmers do not have to go far to sell their produce, 22,000 village haats are being upgraded to agricultural produce market committees (APMCs) and being integrated with e-NAM (National Agriculture Market) platform.

“Such a system is being evolved that farms can be connected to any market in the country,” Modi added.