Tripura state government will buy 20,000 MT paddy at Minimum Support Price (MSP) from ranchers of Tripura in the current monetary year to help expand agribusiness economy.
Tripura state government will buy 20,000 MT paddy at Minimum Support Price (MSP) from ranchers of Tripura in the current monetary year to help expand agribusiness economy, Law Minister Ratan Lal Nath said on Wednesday.
Addressing correspondents, Nath said the state cabinet has proceeded with securing 20,000 MT paddy at MSP from January 21 across 32 acquisition centres spread across eight locales districts. The cycle would cause Rs. 5.28 crore processing charge from the state exchequer.
Tripura’s officeholder BJP-IPFT government initially acquired 27.27 thousand MT paddy from farmers at MSP of Rs 17.50 per kg in 2018, soon after taking over the office. The MSP was later updated to Rs 15 for 21.44 thousand MT paddy for each kg, while MSP rate has been fixed at Rs 18.68 per kg this year.
He had said that expanding the yield of primary sector exercises would help tackle the unfavourable effect of lockdown. These include agribusiness, horticulture fisheries, dairy, etc.
Aside from MSP, an extensive range of different benefits have likewise been come out for farmers, Nath stated, including Rs. 271.33 crore DBT benefits given to 2.30 lakh ranchers of Tripura under the Pradhan Mantri Kisan Samman Nidhi Yojana.
In May a year ago, during COVID-19 lockdown, Chief Minister Biplab Kumar Deb had said his administration would get paddy at MSP and guarantee better cost and marketability to different farmers.