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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| Live Commodity Tips |
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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