India, Feb. 1 -- The Government of India issued the following news release:
The Government of India has significantly increased budget allocations, rising from rs 11,915.22 crore in 2008-09 to rs 1,22,528.77 crore in 2024-25, demonstrating its commitment to the sector.
Food grain production has surged from 204.6 million tonnes (2004-05) to an estimated 332.3 million tonnes (2023-24), with enhanced productivity and Minimum Support Price (MSP) revisions ensuring better farmer incomes.
The MSP for paddy and wheat has grown from rs 850 and rs 1,080 per quintal in 2008-09 to rs 2,300 and rs 2,425 per quintal in 2023-24 respectively. Additionally, the total MSP paid to farmers for paddy and wheat has surged from rs 4.40 lakh crore and rs 2.27 la...