PM Kisan: Ahead of Releasing 12th Installment, Govt to Announce Good News For Farmers, Details Here
New Delhi: Prime Minister Narendra Modi might transfer the much awaited 12th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) to farmers’ account before Diwali.
Ahead of Releasing 12th Installment, Govt to Announce Good News For Farmers
According to some media reports the government may announce some good news for farmers ahead of disbursing PM KISAN 12th installment. Earlier in the day, in a major incentive for Railway employees, the Modi Govt announced Diwali Bonus for them. Now reports claimed that the government might make a decision regarding MSP of Rabi crops. However, nothing has been confirmed as of now by officially.
Hike in MSP of Rabi crops
The government may announce a hike in the MSP of Rabi crops up to 9 percent. However An official confirmation is awaited.
What is MSP?
Minimum Support Price (MSP) is the minimum price set by the government for certain agricultural products, at which the products would directly be bought from the farmers if the open market prices are less than the cost incurred. This is an important topic for the UPSC exam.