CCEA nod for sharp hike in MSP for pulses, oilseeds

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published Published on Jun 1, 2020   modified Modified on Jun 2, 2020

-The Hindu

Cabinet also extended the repayment date for standard short-term loans upto 3 lakh for agriculture and allied activities, till August 31, 2020.

The Cabinet Committee on Economic Affairs (CCEA) on Monday approved an increase in the minimum support prices (MSPs) for all mandated kharif crops, including paddy, pulses and cotton, for the 2020-21 marketing season.

The Union Cabinet also extended the repayment date for standard short-term loans upto 3 lakh for agriculture and allied activities, till August 31, 2020.

The MSP for paddy (common) has been increased by 53 per quintal, to 1868 per quintal, while that of cotton was increased by 260 per quintal to 5,515 for medium staple variety, and by 275 per quintal to 5,825 for long staple variety.

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The Hindu, 1 June, 2020, https://www.thehindu.com/news/national/cabinet-approves-msp-for-14-kharif-crops/article31722966.ece?homepage=true


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