The Government through its Price Policy ensure the remunerative prices to the growers for their produce with a view to encouraging higher investment and production and to safeguard the interest of consumers by making available supplies at reasonable prices.
In this direction, Government announces Minimum Support Prices (MSPs) for twenty-two (22) mandated crops including commercial/cash crops by offering a higher MSP for these crops. The Union Budget for 2018-19 had announced the pre-determined principle to keep MSP at levels of one and half (1.5) times of the cost of production.
Accordingly, Government is declaring MSPs for all mandated crops including commercial/ cash crops with a return of at least 50 per cent over all India weighted average cost of production from the
agricultural year 2018-19.
The Government has also adopted and implemented several policies,reforms, developmental programmes to increase the production of crops as well as income of the farmers in the country. Some of the importantprogrammes are listed as follows:
1. Income support to farmers through PM KISAN
2. Pradhan Mantri Fasal Bima Yojana (PMFBY)
3. Institutional credit for agriculture sector
4. Promotion of organic farming in the country
5. Per Drop More Crop
6. Micro Irrigation Fund
7. Promotion of Farmer Producer Organisations (FPOs)
8. Agricultural Mechanization
9. Providing Soil Health Cards to farmers.
