To boost the income of the farmers in the state, the Tripura government has decided to procure metric tonnes of paddy at a Minimum Support Price (MSP) of Rs 18.68 per kg, said, minister Ratanlal Nath.
“The financial assistance will be given to the beneficiaries through the Direct Benefit Transfer (DBT) mechanism, and it will incur a total expenditure of Rs. 70 crore,” he said.
The BJP led government has procured about 60,000 MT paddy from the farmers through the FCI, after coming to power in 2018, said Nath.
The minimum support price was also gradually increased from Rs 17.50 per kg to Rs 18.15 per kg in 2019-20 and Rs 18.68 per kg in 2020-21.
The decision to buy another 20,000 metric tons of paddy was taken by the Tripura cabinet on Wednesday