PM Kisan 23rd Installment : Just one day before the release of the 23rd installment of the PM Kisan Yojana, the central government announced a major benefit for farmers. The government has approved large-scale purchases of pulses and oilseeds at the Minimum Support Price (MSP). This decision is meant to protect farmers from selling their crops at low market prices and help them earn fair income for their hard work.
What Is MSP and Why Is It Important?
MSP, or Minimum Support Price, is the rate at which the government buys crops from farmers. It acts as a safety net when market prices fall. If private buyers offer lower prices, farmers can still sell their produce to government agencies at the MSP rate. This helps reduce financial pressure and gives farmers more confidence during harvest season.
Four States Included in the New Approval
The government has approved MSP procurement under the Price Support Scheme (PSS) in four states: Tamil Nadu, Gujarat, Uttar Pradesh, and Haryana. According to Agriculture Minister Shivraj Singh Chouhan, this move will help farmers get the right value for their crops and prevent losses caused by weak market demand.
Uttar Pradesh Gets the Biggest Share
Among the four states, Uttar Pradesh has received the largest approval. The state will see the purchase of mung beans, urad, and groundnuts in large quantities. The total MSP value of these approved purchases is more than ₹1,490 crore. This support is expected to benefit thousands of pulse and oilseed farmers across the state and improve their income during the season.
Support Extended to Other States
Gujarat has been allowed to sell 18,250 metric tons of mung under the MSP program, with a value of more than ₹160 crore. In Tamil Nadu, the purchase limit for mung has been increased from 885 metric tons to 990 metric tons. Haryana has also received approval for the procurement of 2,115 metric tons of mung. These decisions are aimed at providing price support and financial stability to farmers.
How This Decision Helps Farmers
The government’s decision can reduce the risk of farmers being forced to sell crops at low prices. When MSP purchases increase, farmers often receive better returns for their produce. This can improve rural incomes, encourage crop production, and strengthen confidence in agricultural markets. The announcement has come at an important time, just before the next PM Kisan installment is released.
MSP Procurement Details at a Glance
| State | Crop | Quantity Approved | Estimated MSP Value |
|---|---|---|---|
| Uttar Pradesh | Mung | 48,298 MT | Included in total ₹1,490+ crore |
| Uttar Pradesh | Urad | 97,970 MT | Included in total ₹1,490+ crore |
| Uttar Pradesh | Groundnut | 41,718 MT | Included in total ₹1,490+ crore |
| Gujarat | Mung | 18,250 MT | ₹160+ crore |
| Tamil Nadu | Mung | 990 MT | ₹8.68 crore |
| Haryana | Mung | 2,115 MT | ₹18+ crore |
Key Highlights
- MSP procurement has been approved in four states.
- Farmers will receive better price support for their crops.
- Uttar Pradesh gets the largest procurement allocation.
- Pulses and oilseeds are the main crops covered.
- The announcement comes before the PM Kisan 23rd installment.
- The move aims to reduce losses caused by low market prices.
Frequently Asked Questions (FAQs)
1. What is MSP?
MSP stands for Minimum Support Price. It is the price at which the government buys crops from farmers.
2. Why did the government announce this procurement?
The goal is to ensure farmers receive fair prices and are protected from low market rates.
3. Which states are included in this approval?
Tamil Nadu, Gujarat, Uttar Pradesh, and Haryana.
4. Which state benefits the most?
Uttar Pradesh receives the largest procurement approval, worth more than ₹1,490 crore.
5. What crops are covered under this decision?
Mainly mung, urad, and groundnut crops.
6. How does MSP help farmers?
It guarantees a minimum price for crops, reducing the risk of financial losses.
7. What is the Price Support Scheme (PSS)?
PSS is a government program that allows procurement of crops at MSP when market prices are low.
8. When will the PM Kisan 23rd installment be released?
According to the report, the installment is scheduled to be released on June 20.
