Pic Courtesy : indiainfoline.com The Government gives very high priority to agriculture and specially to the prosperity of farmers. It is implementing a number of large schemes and providing funds to State governments for taking new initiatives for increasing farmers’ incomes. Some of the major actions taken in the recent past are given below: • Government has raised MSP in recent years by huge margin. MSP for wheat and rice has been more than doubled in last 8 years. MSP for some pulse crops has gone up three times. • Government has doubled the sugarcane support price in four years. It stands at Rs. 170 per quintal now. • Record foodgrain production of 257 million tonnes last year, supported by massive increase in MSP to farmers. It is more than thrice of foodgrain production 45 years back. • Government subsidises farm loans considerably. Crop loans upto Rs. 3 lakh are available at 4% interest. Other farm loans too are available at a subsidised rate of 7%....
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