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Centre is procuring crops at 1.5 times MSP: Finance Minister

Presenting statistics on procurement of wheat and rice on MSP, she said that this year Rs 1,72,000 crore will be spent on procurement of rice and more than Rs 62,000 crore have already been spent on procurement of wheat

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Finance Minister Nirmala Sitharaman. File Pic

Finance Minister Nirmala Sitharaman. File Pic

Finance Minister Nirmala Sitharaman on Monday said farmers are getting 1.5 times of the minimum support price (MSP) on procurement of foodgrains.

In her Budget speech, the Finance Minister said procurement of crops will continue at the minimum support price.

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