Finance minister, Nirmala Sitharaman during thepresentation of budget 2021 said the current Minimum Support Price (MSP) regimeassured a price of at least 1.5 times the cost of their production.
"Our government is committed to welfare of farmers.The MSP regime has undergone a change to assure price that is at least 1.5times the cost of production across all commodities. The procurement has alsocontinued to increase at a steady pace, this has resulted in increase inpayment of farmers, substantially," said Sitharaman during her thirdbudget speech.
FM also added that in case of wheat farmers, the amountpaid to them during 2020-21 was Rs 75,875 crore while the amount paid to paddyfarmers during 2020-21 was Rs 1,72, 752 crore.
FM added, "Arond 1.68 crore farmers are registeredand Rrs 1.14 crore trade value has been carried out through e-NAM.... Keepingin view the transparency and competitiveness of that e-NAM has brought into theagricultural market, thousands more mandis will be integrated into e-NAM."
According to the finance minister, the agricultureinfrastructure funds will be provided to APMCs for augmentation in theirinfrastructure.