Historic Boost: Modi's MSP Hike Aims to Revolutionize Farmer Prosperity

The Modi government has increased the Minimum Support Price (MSP) for various kharif crops, aiming to boost farmer prosperity and self-reliance. The decision, labeled 'historic' by the BJP, involves a 3% rise in paddy MSP and up to 9% for pulses, promising better income for farmers nationwide.

In a landmark decision, the Modi government has announced an increase in the Minimum Support Price (MSP) for paddy by 3% and up to 9% for pulses and oilseeds. This move is expected to bolster the incomes of farmers and reinforce India's agricultural prosperity.

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved the proposal, marking a significant step toward making Indian farmers more prosperous and self-reliant. BJP leaders have lauded the decision, underscoring the government's commitment to farmer welfare.

BJP president J P Nadda and other Union ministers, including Nitin Gadkari, praised the hike as a measure to empower farmers, enhance crop diversification, and stabilize the rural economy, thereby ensuring sustainable growth in the sector.

(With inputs from agencies.)