Cabinet okays MSP of Rs. 17,408.85 cr to Cotton Commission of India
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New Delhi, Nov. 10 -- The Cabinet Committee on Economic Affairs chaired by Prime Minister, Narendra Modi, has given its approval for committed price support of INR 17,408.85 crore to the Cotton Commission of India (CCI) for the cotton seasons from 2014-15 to 2020-21 (upto 30.09.2021).
In order to safeguard the interests of the cotton farmers, it is expedient to conduct price support operations in cotton years 2014-15 to 2020-21 as cotton prices touched the MSP prices.
Its implementation enhances the inclusiveness of the cotton farmers in the economic activity of the country. Price support operations help stabilize the cotton prices and alleviate farmer's distress.
Cotton is one of the most important cash crops and plays a major role in...
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