In a complete reversal of his previous statement on MSP, the Union Minister Nitin Gadkari told on Saturday that he is not in favor of a reduction in the minimum support price (i.e. MSP) for crops. His comments come just two days after he criticized the government’s MSP for agricultural crops being way too higher than the domestic and international rates.
The minister of the Road Transport & Highways and also MSME told that he has always stood and also advocated looking for different ways so also means to increase farmers’ income, including via alternative usage of their crops like paddy/rice, wheat, sugarcane.
In an official statement, the minister went on to assert that he himself was present when the increase in minimum support price was announced, hence there was no question of him standing for MSP reduction.
Union minister Nitin Gadkari, last Thursday said that the government’s minimum support prices for agriculture crops are way higher than domestic market prices and international rate and stressed the need to search for an alternative solution before the “economic crisis” is created as well.
Whereas the govt fixes the rate, that called minimum support price or MSP, at that it buys crops as, like wheat and paddy from farmers, it also gives a subsidy to help export sugar. The most important problem is that in this sector among the international price for agriculture commodities and also the market price and the MSP, there is a big difference. Now there are a lot of problems also, some political problems are also there. It is very difficult for the got to take decisions.
“We need to find out some options, alternatives for that, and without resolving that issue in agriculture, we cannot accelerate our economy because maximum purchasing power where we need to increase the potential in agriculture,” Gadkari said in a webinar.