New MSP For Copra In Cabinet Meeting In the recent cabinet meeting, the government has given good news to lakhs of farmers. The government has announced an increase in the minimum support price (MSP) of copra for the 2024 season. This decision will prove to be very beneficial for the farmers selling coconut. Let us know in this article how much the MSP of copra has increased and how it will benefit the farmers. This will be a very detailed article in which you will get all the information, so read this article carefully till the end.
How much did the MSP of copra increase?
the government has MSP of Milling Copra Has been increased from Rs 10,860 per quintal to Rs 11,600 per quintal. At the same time, the MSP of child copra has been increased from Rs 10,600 per quintal to Rs 12,000 per quintal. This means that the MSP of milling copra has increased by Rs 300 per quintal and the MSP of hair copra has increased by Rs 250 per quintal. Similarly, from time to time the government keeps launching many government schemes for the benefit of the farmers, one of which is the Prime Minister Kisan Samman Nidhi Yojana, and by increasing the SP the government has proved that the government is in the interest of the farmers. Is doing good work.
Farmers got a gift from the cabinet meeting: New MSP for Copra in Cabinet meeting
| name of scheme | New MSP For Copra In Cabinet Meeting |
| launched | Cabinet meeting, December 27, 2023 |
| effective date | From 2024 season |
| beneficiary | coconut farmer |
| Benefit | Increase in MSP of milling copra by ₹ 300 per quintal (from Rs 10,860 to Rs 11,600 per quintal) Increase in MSP of hair copra by ₹ 250 per quintal (from Rs 10,600 to Rs 12,000 per quintal) Better income Promotion of copra cultivation Strengthening food security |
| official website | Agriculture Ministry website: http://agricoop.nic.in/ |
How will farmers benefit?
Farmers will benefit in many ways by increasing the MSP of copra. Firstly, their income will increase. MSP is the minimum price at which the government guarantees to buy copra. This means that farmers will not be forced to sell their crops at low prices in the market. Second, increasing MSP will promote copra cultivation. Farmers will now be encouraged to plant copra, which will increase copra production in the country. And the third benefit, increasing MSP will strengthen food security. Copra is an important food item, which is used in a variety of dishes. With the increase in MSP, the prices of copra will remain stable and the common man will be able to get cheap copra.
What is the MSP of copra?
Minimum Support Price (MSP) is the minimum price at which the government guarantees farmers to purchase their crops. Its objective is to provide fair price to the farmers for their crops and stabilize their income. The government announces MSP every year for 23 crops, including copra.
What is the procedure followed to decide MSP for copra?
To decide the new MSP for Copra in Cabinet meeting, the government considers the recommendations of the Commission for Agricultural Costs and Prices (CACP). CACP is an autonomous body that advises the government on matters related to agricultural costs and prices. CACP recommends MSP keeping in mind the cost of production, demand and supply of the crop, market trends etc. This decision of the government is a positive step for the farmers. This will promote copra cultivation, increase the income of farmers and strengthen food security.
main point:
- The government has increased the MSP of copra for the 2024 season.
- The MSP of milling copra has increased by Rs 300 per quintal and the MSP of hair copra has increased by Rs 250 per quintal.
- This will benefit lakhs of farmers, their income will increase and copra cultivation will be promoted.
- Increasing MSP will also strengthen food security.
Some challenges related to copra cultivation:
Although increasing MSP will boost copra cultivation, there are still some challenges in it. Some of these major challenges are as follows:
- Decrease in Productivity: The average productivity of copra in India is much lower than other major producing countries. The government should focus on increasing productivity by providing better seeds, fertilizers and irrigation facilities to the farmers.
- Lack of Processing: The capacity for copra processing in India is inadequate. This means that farmers have to sell a large part of their crop without processing, thereby getting lower prices. The government should take steps to promote the copra processing industry.
- Lack of storage: The copra storage facilities in India are also inadequate. This means that a large amount of copra gets spoiled after harvesting. The government should take steps to provide better storage facilities to the farmers.
- Role of Mediators: The role of middlemen in the marketing of copra is very big. These middlemen buy copra from farmers at a lower price and then sell it at a higher price. The government should take steps to protect farmers from middlemen.
The government should take concrete steps to solve these challenges, so that farmers can get the full benefit of the MSP increase. This will not only increase the income of farmers, but will also increase the production of copra in the country.