MP procures 5.29 lakh metric tonnes wheat under MSP

State offers farmers Rs 100 more per quintal apart from MSP of Rs 1,100 per 100 kg

PTI | April 1, 2010



Madhya Pradesh has procured 5.29 lakh metric tonnes wheat under Minimum Support Price (MSP) in the country by offering an additional Rs 100 per quintal bonus to the farmers, officials said.

The state has procured 5.29 lakh metric tonnes of wheat under MSP from March 15 to March 30 and this exercise will go upto June 15, Madhya Pradesh State Food and Civil Supplies Corporation managing director K C Gupta told PTI on Thursday.

Madhya Pradesh was far ahead of Gujarat and Rajasthan where 24,000 metric tonnes and 313 metric tonnes of wheat was procured till March 29 from March 15, officials said.

Wheat procurement in major wheat producing states - Punjab and Haryana was scheduled to commence today, they added.

Madhya Pradesh was giving Rs 100 bonus per quintal, apart from MSP of Rs 1,100 per 100 kg wheat which was attracting the farmers to sell their produce to government rather than middlemen or others, Gupta said.

Besides this, he said that a four per cent purchase tax has been levied on the wheat purchase by the concerns including MNCs having an annual turnover of more than five crore, which too it appears has boosted the procurement.
 

Comments

 

Other News

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future.   At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter