‘Natural rubber does not fulfil maximum criteria for inclusion in MSP scheme’ by admin- Thursday, March 25th, 2021 08:02:47 AM
The taskforce on the rubber area installation through the Union Government has recommended treating natural rubber as an agricultural product and its inclusion below the minimal assist expenses (MSP) scheme, the Centre told the Lok Sabha on Wednesday.
However, natural rubber has not been included in the decided on 25 vegetation for which MSP is notified every year because it does not fulfil most of the criteria for inclusion underneath the scheme, Union Minister of State for Commerce and Industry Hardeep Singh Puri said in a written respond.
The commodity is likewise not blanketed underneath the complete scheme for analyzing the price of cultivation of main vegetation in India, he said, adding that the Centre fixes MSP for 25 agricultural vegetation.
MSP for the plants is fixed on the basis of suggestions of the Commission for Agricultural Costs and Prices (CACP).
The CACP, at the same time as recommending MSP of mandated crops, considers various factors which inter-alia consist of the value of production, usual demand-deliver situations of numerous crops in domestic and world markets, domestic and worldwide charges, inter-crop fee parity, terms of alternate among agriculture and non-agriculture area, Puri stated.