Recently, Haryana Chief Minister announced the procurement of all crops in the state at the Minimum Support Price (MSP), thus becoming the first in the country to procure all crops at MSP.
The Chief Minister also announced the waiving of Rs 133 crore in outstandingcanal water irrigationcharges.
On August 4, 2024, Haryana Chief Minister Nayab Singh Saini announced that the state would buy all crops at the Minimum Support Price (MSP), making Haryana the first state in India to do this on such a wide scale. This move is seen as a strategic effort before the upcoming Assembly elections, especially after the ruling party’s poor performance in the recent Lok Sabha elections.
Key Announcements
Here’s a breakdown of the key announcements:
- All-Crops MSP Procurement: Saini promised that the Haryana government would buy all crops at MSP. This is a significant expansion from the current practice, where only 14 crops were covered. Now, nine additional crops will also be included.
- Waiving Irrigation Charges: The Chief Minister announced that Rs 133 crore in outstanding canal water irrigation charges would be waived. This is expected to save farmers about Rs 54 crore each year.
- Pending Compensation Payments: He committed to paying Rs 137 crore in pending compensation to farmers who have been affected by natural disasters. The payments will be made quickly, within a week.
- Expanded Motor Purchase Options: Farmers will now be able to buy three-star motors for their tube-wells from any registered company in India. This provides them with more options and better access to necessary equipment.
Description
Haryana Chief Minister Nayab Singh Saini declared that the state would purchase all crops at the Minimum Support Price (MSP) on August 4, 2024 , making it the first state in India to do it on such a large scale. This decision is viewed as a strategic move ahead of the approaching Assembly elections, particularly given the ruling party’s poor showing in the previous Lok Sabha elections.
Key Announcements
Here’s a rundown of the main announcements-
- All-Crop MSP Procurement- Saini stated that the Haryana government would purchase all crops at MSP. This is a huge increase above the current practice, which only covered 14 crops. Nine additional crops will be added.
- Waiving Irrigation Charges- The Chief Minister stated that Rs 133 crore in unpaid canal water irrigation charges would be forgiven. This is projected to save farmers approximately Rs 54 crore each year.
- overdue Compensation Payments- He agreed to pay Rs 137 crore in overdue compensation to farmers harmed by natural calamities. The payments will be made promptly, within a week.
- Expanded Motor Purchase Options- Farmers can now purchase three-star motors for their tube-wells from any recognized company in India. This gives them additional options and easier access to the necessary equipment.
Political Implications
These announcements are part of the BJP’s efforts to restore popularity ahead of the legislative elections. The party is trying to recover after its vote share fell from 58% in 2019 to 46% in 2024. The Congress Party has gained ground, winning five Lok Sabha seats and boosting its vote share. In a rally, Saini asked BJP members to engage with citizens to highlight the government’s accomplishments and policies, underlining the party’s goal of winning a third term in office.
About The Minimum Support Price
The Minimum Support Price (MSP) is the price set by the government at which certain crops are purchased directly from farmers. It was founded in India in 1966 to protect farmers against price reductions. MSP has been announced for 23 crops, including cereals, pulses, and oilseeds.
Political Implications
These announcements are part of the BJP’s campaign to regain its popularity before the assembly elections. The party is trying to bounce back after a drop in its vote share from 58% in 2019 to 46% in 2024. The Congress party has gained support, winning five Lok Sabha seats and increasing its vote share. In a rally, Saini urged BJP workers to engage with citizens to showcase the government’s achievements and policies, reinforcing the party’s goal to win a third consecutive term in office.
About Minimum Support Price
Minimum Support Price (MSP) is a price set by the government at which it buys certain crops directly from farmers. It was established in India in 1966 to protect farmers from price drops. MSP is announced for 23 crops, including cereals, pulses, and oilseeds. It is a crucial tool for agricultural stability because it encourages production and helps with food security. However, how it’s implemented can vary by region, and some critics say it may lead to overproduction. MSP affects market prices and farmer incomes, shaping agricultural policies.
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