Centre to compensate states to pay MSP

New Delhi: The Centre has asked the state governments to enter market through their agencies to buy up the Kharif crops if their prices go below the minimum support price (MSP), assuring to fully compensate them.  It has engaged NAFED as the nodal agency to entertain the compensation claims of the state. The Agriculture Ministry said 11 states have already started the price support scheme declared by the Centre. They are: Maharashtra, Madhya Pradesh, Rajasthan, Telangana, Karnataka, Uttar Pradesh, Haryana, Gujarat, Odisha, Andhra Pradesh, and Tamil Nadu.

Agriculture Minister Radha Mohan Singh last week wrote to the chief ministers and the agriculture secretary to the chief secretaries of the state to implement the MSP fixed by the Centre for 14 Kharif crops. Singh said the government is determined to ensure the MSP to the farmers, which has been fixed at 1.5 times the production cost.  In his letter to the chief ministers, he has stressed that the state government should immediately compensate the farmers not getting 1.5 times the price for their produce and then write to NAFED to reimburse them.

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