Outlay of 2 MSP schemes slashed : The Tribune India

Join Whatsapp Channel

Outlay of 2 MSP schemes slashed



Tribune News Service

New Delhi, February 2

The Centre has slashed drastically the budgetary allocation under two agricultural schemes, meant for the MSP-based procurement.

The outlay for the Market Intervention Scheme and Price Support Scheme (MIS-PSS) has been slashed from Rs 1,500 crore in 2022-23 to a meagre Rs 1 lakh in 2023-24.

Notably, the MIS-PSS was launched to safegaurd the interest of horticulture growers and stop them from resorting to distress sale when prices plummet owing to a bumper produce.

The budgetary allocation under of the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) also saw a decline from Rs 1 crore in 2022-23 to merely Rs 1 lakh in 2023-24 budget estimates.

The PM-AASHA, which was launched in September 2018, ensures that farmers who grow pulses, oilseeds and copra, get the MSP. Besides, the scheme’s main feature is a price support mechanism whereby Central agencies procure pulses and oilseeds directly from farmers.

Agricultural policy expert Devinder Sharma said, “The Budget is silent on the MSP. Besides, cut in the outlay of agricultural schemes proves that the government has no interest in increasing the farm income.”

About The Author

The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.


Top News

ED challenges Arvind Kejriwal's bail, as Delhi CM to leave jail today

Arvind Kejriwal to remain in jail as Delhi High Court grants interim stay on trial court's bail order

The AAP national convenor, who was arrested on March 21 by t...

NEET-UG 2024: Supreme Court refuses to stay counselling process; issues notice to National Testing Agency, others

NEET row: Supreme Court refuses to defer counselling; 1,563 students to take exam again on Sunday

The Congress, meanwhile, stages protests across the country ...

NTA postpones CSIR-UGC-NET examination due to ‘unavoidable circumstances and logistical reasons’

NTA postpones CSIR-UGC-NET examination due to ‘unavoidable circumstances and logistical reasons’

The joint CSIR-UGC-NET exam is for the eligibility of candid...

India criticises Canadian parliament observing ‘one-minute silence’ in memory of Hardeep Nijjar

India criticises Canadian parliament observing ‘one-minute silence’ in memory of Hardeep Nijjar

In an unusual move, the Canadian parliament observed ‘one-mi...

Swiss court sentences 4 members of Hinduja family to up to 4.5 years for exploiting their servants

Swiss court sentences 4 members of Hinduja family to up to 4 and a half years for exploiting their servants

The four—Indian-born tycoon Prakash Hinduja and his wife, so...


Cities

View All