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Tuesday, 13 February 2018

Live Commodity Tips | MSP scheme better than farmer's debt waive by SBI Research Report

In the budget, the proposed expenditure of Rs 80,000 crore has been increased in implementing the proposed MSP scheme and this scheme is much better than the debt of the farmers. SBI said this in a report in its report.
Finance Minister Arun Jaitley, while responding to his budget speech in the Rajya Sabha last week, had said that the government will keep in mind the actual input cost, family labor, while fixing the support price of 50 per cent for farmers' crop.

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Increased - noted and brought to 80 the figure of thousand million
According to a report titled 'Concerns of MSP Scheme', SBI Ikorap is being said to increase, the market believes that the market-sharing scheme can increase the burden of up to Rs 80,000 crore on the government, but our estimates show. It may be less than a quarter of this figure. '

Wheat , paddy , bajra and maize will cost Rs 11,500 crore
The report said that the total cost for wheat, paddy, millet and maize will come down to less than Rs 11,500 crore. SBI said that the proposed scheme should be 'strict surveillance'. It was also emphasized that the market estimation is not based on data.
SBI said that if the government monitors the registration of farmers under the scheme, then there will be no harm.

MSP scheme better than farmer loan waiver
According to the SBI Research report, this scheme, launched as income commission, is better than promoting debt forgiveness for farmers. The Government has fixed the MSP of 23 commodities, of which only wheat and rice are supplied at the subsidized rates of ration shops under food law.

At present the government determines the MSP on the recommendation of the Expert Body Commission for Agriculture Costs and Prices (CACP).

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