Boost for farmers: Govt to pay Rs 2.37 lakh crore for procurement of wheat, paddy under MSP

Finance Minister Nirmala Sitharaman on Tuesday said the government will pay Rs 2.37 lakh crore towards procurement of wheat and paddy under MSP operations.

The estimated procurement of wheat in Rabi 2021-22 & paddy in Kharif 2021-22 will cover 1,208 lakh metric tonnes of wheat and paddy from 163 lakh farmers.

About Rs. 2.37 lakh crores will be direct payment of MSP to their accounts: FM @nsitharaman #AatmaNirbharBharatKaBudget pic.twitter.com/KyjBnF9VWz

— PIB India (@PIB_India) February 1, 2022

The fiscal 2022-23 has been announced as International Year of Millets, the finance minister said while presenting the Union Budget for 2022-23.