Govt forms committee to review MSP of pulses

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Trying out all possible ways to control pulse prices that have neared Rs 200 per kg, the Centre today decided to set up a committee to relook at the minimum support price and bonus to promote pulse cultivation.

MSP of pulses-AV
While increasing the size of the buffer stock of pulses to 20 lakh tonnes from the existing 8 lakh tonnes, the government decided to explore avenues for imports from more pulse-growing nations on a government-to-government basis.

These decisions were taken at a meeting of a high- powered ministerial team headed by Finance Minister Arun Jaitley here.

Food Minister Ram Vilas Paswan and Urban Development Minister M Venkaiah Naidu were present.

Briefing media after the meeting, Paswan said: “The government has decided to set up a committee under the chief economic advisor to frame a long-term policy on pulses, which will look into various options, including MSP and bonus.”

The committee will re-examine the MSP and bonus being given to pulse growers at present and frame an appropriate policy to promote cultivation of lentils in India, he said.

“In my sense, production bonus is more fruitful as compared to MSP,” Paswan said, adding that the panel will submit the report within two weeks.

The government has already announced a sharp increase in MSP of kharif pulses for the 2016-17 crop year.

It is to be seen if the government would announce more incentives for pulse growers based on the panel’s report for the ongoing kharif season or consider it for the rabi season.

Besides this, Paswan said, the government has decided to increase the size of the pulse buffer stock to 20 lakh tonnes from the existing 8 lakh tonnes for this year.

Already, the government has procured over 1.19 lakh tonnes of pulses like tur in the 2016-17 crop year (July-June), which is being given to state governments for retail distribution at a subsidised rate of Rs 120 per kg.