Bonus Announced on Purchase of Wheat: A Benefit for Farmers

Key Highlights

• A bonus of Rs 125/quintal on MSP for wheat.
• Total payment now Rs 2400/quintal.
• MSP increased to Rs 2275/quintal.
• Extended registration until March 16.
• Special considerations for Sikmi, sharecroppers.
• Urgent registration reminder for timely MSP benefits.
• Wheat procurement begins on March 15.

Good news for wheat farmers as the state government declares a bonus on Minimum Support Price (MSP). This bonus aims to boost the income of farmers by providing them with a higher price for their wheat produce.

Enhanced Profit for Farmers: MSP and Bonus Breakdown

In a recent cabinet meeting, the state government decided to grant a bonus of Rs 125 per quintal to farmers selling wheat at MSP. This bonus, coupled with the Central Government's MSP of Rs 2275 per quintal, brings the total payment to Rs 2400 per quintal for the farmers.

Also Read: Wheat Procurement at MSP Begins in UP, Ensuring Fair Rates for Farmers

More Profit in 2024-25: A Win for Madhya Pradesh Farmers

Compared to the previous year's MSP of Rs 2125 per quintal, this year's MSP of Rs 2275, along with the bonus, means an additional Rs 275 per quintal for Madhya Pradesh farmers. This significant increase is expected to benefit farmers and contribute to their economic well-being.

Extended Registration Period: Seize the Opportunity

Farmers in Madhya Pradesh have until March 16, 2024, to register for wheat procurement at MSP in the Rabi marketing year 2024-25. The extended registration period offers more time for farmers to take advantage of this opportunity.

Also Read: - Good News for Paddy Farmers: Rs 19,257 to be Deposited in Paddy Farmers Accounts by Govt

Convenient Registration Process: Online and Offline Options

Farmers can register online using their mobile or computer. Additionally, free registration is available at convenient centers in Gram Panchayat offices and cooperative societies. For those unable to register online, a fee of Rs 50 can be paid at MP Online Kiosks, Common Service Centers, Public Service Centers, or private cyber cafes.

Special Consideration for Sikmi, Sharecroppers, and Forest Lease Farmers

Sikmi, sharecroppers, and forest leaseholder farmers can register at Cooperative Society and Cooperative Marketing Cooperative Society centers. Verification will ensure that the registered account matches the Aadhaar card information. Separate registration is required for each family member owning land. All lands within a district can be registered at a single center.

Critical Reminder: Register Now to Secure MSP for Your Crops

The state government urges farmers to register within the specified period to sell wheat at MSP. Purchases without registration will not be possible. Farmers are encouraged to utilize the free registration facilities at Facilitation Centers established in Gram Panchayat, District Panchayat, Tehsil Office, and the MP Kisan App.

Wheat Procurement on MSP: Starting March 15

Wheat procurement at MSP is scheduled to commence in Madhya Pradesh on March 15. Farmers are advised to complete their registration on time to ensure that they can benefit from this initiative.

New MSP for wheat and other crops 2024-25

Minimum Support Price is announced by the Central Government before the end of Rabi and Kharif season. The central government has declared a new MSP for Rabi season this time. The MSP issued by the central government accordingly for wheat and other rabi crops is as follows

MSP for Rabi Crops 2024

Also Read: Good News for Farmers: Subsidies for Growing Maize and Sugarcane

CMV360 Says

The state government's bonus announcement on wheat sold at Minimum Support Price (MSP) signals good news for farmers. The additional Rs 125 per quintal, with the Central Government's MSP of Rs 2275, promises a total payment of Rs 2400 per quintal. The extended registration period is till March 16, 2024, providing farmers with ample time to register online or at convenient centers. Special considerations for Sikmi, sharecroppers, and forest lease farmers ensure inclusivity. The state government emphasizes timely registration to secure MSP benefits, with wheat procurement set to begin on March 15. This initiative aligns with the broader context of the Central Government announcing new MSP rates for various Rabi crops in 2024-25.