The Madhya Pradesh government has procured 15 lakh metric tonnes of wheat from 2 lakh farmers in the state on a minimum support price (MSP) of Rs 1,840 per quintal since March 25. This is 1.60 lakh metric tonnes more than the purchase made over the same period last year. At least 71 per cent of the purchased wheat has also been carefully stored.
The Centre has fixed the MSP at Rs 1,840 per quintal, up from 1,735 per quintal last year. The Kamal Nath-led Congress government in the state is also offering an incentive of Rs 160 per quintal to the wheat farmers over and above the MSP under its ‘Jai Kisan Samriddhi Yojana'.
The state government says that input costs have increased and the MSP does not suffice. Together, the farmers are being paid Rs 2,000 per quintal of wheat and the payments are being made directly into their accounts.
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