Assam Government Announces Additional Bonus on MSP for Farmers, Effective April 1
Why in News?
- The recent news highlights the Assam Government’s decision to provide additional financial support to rice and mustard farmers, effective April 1, 2025. This initiative introduces a state-funded bonus over the existing Minimum Support Price (MSP), aiming to enhance farmers’ incomes and encourage agricultural engagement.
Important Key Points:
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Paddy Procurement: By December 2023, the Assam Government’s initiative to procure paddy at MSP led to the procurement of 6 lakh metric tonnes from approximately 62,000 farmers, resulting in direct transfers totaling ₹12,000 crore to farmers’ accounts.
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PM-Kisan Scheme Coverage: As of October 2024, Assam achieved 100% coverage under the PM-Kisan Samman Nidhi Scheme in five districts—Majuli, Lakhimpur, Sivasagar, Charaideo, and Golaghat—with 17.5 lakh beneficiaries receiving financial assistance.
