Hooda advocates higher MSPs for agricultural crops

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Chandigarh, Sep 14 (UNI) Haryana Chief Minister Bhupinder Singh Hooda today stressed the need for making an adequate increase in the Minimum Support Price (MSP) of various agricultural crops in view of the increasing cost of agricultural inputs.

The Chief Minister was speaking at the 5th India Today Conclave of Chief Ministers on 'State of the States' in New Delhi.

He said farmers must get the due for their agricultural produce and therefore it was necessary to enhance the MSP for various crops.

Describing Haryana as one of the prominent contributors of foodgrains to the Central Pool, he said keeping in view the interests of the farming community, the Contract Farming Act had been implemented so that the farmers got remunerative prices for their produce.

He said the State government had announced a rehabilitation programme connected with land acquisition for industrial development and town planning activities and the land owners had been made stake holders in the developmental activities.

The Chief Minister said, "The pace of development in the state is unprecedented in more than one ways. Land is an essential component for all developmental activities, but the land is also a source of livelihood of the owners. Therefore, floor rates for land compensation have also been substantially increased twice in the last two-and-a-half years." The land owners had been made stakeholders in the developmental activities by way of providing annuity of Rs 10,000 per acre per year for 33 years to those farmers whose land had been acquired either by Haryana Urban Development Authority (HUDA) or Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) after March 5, 2005 or would be acquired in future.

Mr Hooda said steps had also been taken to mitigate the problems of farmers by reducing the rate of interest on crop loan from 11 per cent to 7 per cent as also by waiving interest on payment of outstanding loans.

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