Cabinet Meeting Live Updates: Minimum Support Price For 14 Kharif Crops Hiked, Says Javadekar

• Trying to get more 2.5-3 crore farmers under the cover of KCC
• This will help in releasing an additional credit of Rs 2 lakh crore to farmers
• Central APMC Act to come out soon

Stressed MSME fund will invest up to 15% in equity of MSMEs with strong track record of exports, GST filings, healthy turnover, Gadkari said.

• Hope to move MSMEs toward listing
• Return on stressed fund investment will aid further support

• MSMEs contribute 29% to India’s GDP
• There will now be no distinction in manufacturing and services sector MSMEs
• Fund of funds will be used to restructure distressed MSMEs
• Distressed asset fund will be of Rs 4,000 crore
• Rs 10,000 crore worth fund created to help listing of MSMEs on stock exchanges
• Government will buy stake in MSMEs with good ratings and financials

• Jowar Rs 2620/quintal
• Bajra Rs 2150/quintal
• Ragi 50% increase
• Moong 50% increase
• Groundnut 50% increase
• Cotton 50% increase

Procurement of wheat and paddy has gone up despite concerns due to lockdown, said Agriculture Minsiter Narendra Singh Tomar.

• 360 lakh metric tonnes of wheat procured versus 342 lakh metric tonnes last year
• 95 lakh metric tonnes of paddy procured versus 90 lakh metric tonnes last year