In a cabinet meeting chaired by PM Modi today, the center increases the MSP of Rabi crops by Rs. 40 to Rs. 400 per quintal

Publish Date: 08 Sep, 2021 |

Cabinet Meeting Today News:

The Union Cabinet held a meeting under the chairmanship of Prime Minister Narendra Modi on Wednesday i.e, 8th September 2021 and many important decisions were taken in this meeting. The Union Cabinet has approved the PLI scheme (production-linked incentive scheme) for the textile sector. And on the other hand, the MSP of Rabi crops has been increased by Rs 40 to 400 per quintal. With this, the highest ever and remunerative price of Rs 290/quintal has been approved for sugarcane farmers. Union Ministers Anurag Thakur and Piyush Goyal shared these decisions of the cabinet earlier this day.

Union Minister Anurag Thakur said that in the cabinet meeting chaired by the Prime Minister, an important decision has been taken regarding the Ministry of Textiles. Incentives worth Rs 10,683 crore will be provided over 5 years. Directly employment opportunities will be created for more than 7.5 lakh people.

Union Textiles Minister Piyush Goyal said that by taking advantage of these schemes, India will now be able to show its supremacy in the international market. By doing FTAs with the developed countries also, we are trying to cover our disability in the textile trade in front of the rest of the countries. We hope this decision will produce some global champions. This decision will especially benefit Gujarat, UP, Maharashtra, Tamil Nadu, Punjab, Andhra Pradesh, Telangana, etc.

The Union Cabinet has approved the MSP for Rabi crops for the season 2022-23.

rabi crop

It must be noted that from 26th November last year, against the three new agricultural laws - the Farmer's Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, farmers are protesting at various borders of the national capital against the Price Assurance Contract and Agricultural Services Bill, 2020 and the Essential Commodities (Amendment) Bill, 2020.


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