Which of the following statements is/are correct with reference to the MSP for Kharif crops?
A. The Cabinet Committee has approved the increase in the Minimum Support Prices (MSPs) for all mandated Kharif crops for marketing season 2020-21.
B. Government has increased the MSP of Kharif crops for marketing season 2020-21, to ensure remunerative prices to the growers for their produce.
C. Both A & B
D. All of these
Explanation:
The Cabinet Committee has approved the increase in the Minimum Support Prices (MSPs) for all mandated Kharif crops for marketing season 2020-21. Government has increased the MSP of Kharif crops for marketing season 2020-21, to ensure remunerative prices to the growers for their produce. The highest increase in MSP is proposed for nigerseed (Rs 755 per quintal) followed by sesamum (Rs 370 per quintal), urad (Rs 300 per quintal) and cotton (long staple) (Rs 275 per quintal). The differential remuneration is aimed at encouraging crop diversification.
