For Rabi marketing season 2021-22, the Cabinet Committee on Economic Affairs
(CCEA) announced highest increase in Minimum Support Price (MSP) for ______.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. lentil.
- The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Shri Narendra Modi has approved the increase in the Minimum Support Prices (MSPs) for all mandated Rabi crops for marketing season 2021-22.
- It was done to encourage the farmers to shift to larger area under these crops and adopt best technologies and farm practices to correct demand-supply imbalance.
- The expected returns to farmers over their cost of production are estimated to be highest in case of wheat and rapeseed and mustard (100 per cent each), followed by lentil (79 per cent), gram (74 per cent), barley (60 per cent) and safflower (50 per cent).