Haryana Announces Comprehensive MSP Policy for All Crops
| Aspect | Details |
|---|---|
| Date of Announcement | August 4, 2024 |
| Announcer | Haryana Chief Minister Nayab Singh Saini |
| Key Policy | Comprehensive MSP (Minimum Support Price) for all crops |
| Expanded Crop Coverage | Addition of nine crops to the existing 14, making a total of 23 crops under MSP |
| Farmer Benefits | Income stability, crop diversification, and protection from market price fluctuations |
| Irrigation Charge Waiver | Rs 133 crore waived, with annual savings of Rs 54 crore for farmers |
| Compensation Payments | Rs 137 crore to be disbursed within a week for farmers affected by natural disasters |
| Motor Purchase Policy | Farmers can now purchase three-star motors for tube-wells from any registered company in India |
| Political Context | BJP aims to regain rural support ahead of Assembly elections, following Lok Sabha vote decline |
| MSP Historical Context | Introduced in 1966 to protect farmers from price drops and ensure minimum guaranteed prices |
| Current MSP Framework | Covers 23 crops including cereals, pulses, and oilseeds |