Highlights

  • Amid push for MSP law, govt earmarks Rs 2.37 lakh crores for 163 lakh farmers
  • Amount to be transferred to 163 lakh farmers' bank accounts: govt
  • '1,208 lakh metric tonnes of wheat and paddy from Rabi and Kharif seasons'

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Amid push for MSP law, govt earmarks Rs 2.37 lakh crores for 163 lakh farmers

The finance minister said that the amount will be transferred to the bank accounts of 163 lakh farmers across the country. 

As farmers push for their demand on a Minimum Support Price(MSP) law across India, Finance Minister Nirmala Sitharaman while presenting the union budget for this year said that her government has earmarked Rs 2.37 lakh crores which will be directly paid to the farmers as MSP.

The finance minister Nirmala Sitharaman said that the amount will be transferred to the bank accounts of 163 lakh farmers across the country.

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"Procurement of wheat in Rabi season 2021-22 and the estimated procurement of paddy in Kharif season 2021-22 will cover 1,208 lakh metric tonnes of wheat and paddy from 163 lakh farmers & Rs 2.37 lakh crores will be the direct payment of MSP value to their accounts," she said.

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