The reduction in GST slabs has given huge relief to farmers, said the Union Agriculture and Farmers Welfare Minister Shivraj Singh Chouhan on Saturday. He added that the farmers are now getting a decent amount of agricultural equipment, including tractors. Shivraj made the remark while addressing a program at the Indian Agricultural Research Institute in New Delhi.
"Just now, after reducing the GST on agricultural machines, a big relief to farmers has been given; around Rs 23,000 will be saved on small tractors. For a 35-hp tractor, approximately Rs 43,000 will be saved. For larger tractors, approximately Rs 65,000 will be saved. Different equipment has been made cheaper", he added.
The Union Minister further praised PM Narendra Modi and said, "Prime Minister, we thank you for keeping farmers' welfare at the top. That is why you had announced from this stage itself that there will be no compromise on the interest of farmers.”
"By increasing the MSP, the Prime Minister has ensured that farmers get the right and full price for their produce. We are thankful to the PM because under the PM-KISAN Samman Nidhi, so far Rs 3 lakh 90,000 crore has been deposited in the accounts of farmers through DBT (Direct Benefit Transfer),” he added.
The Central government has approved the MSP for Rabi Marketing Season (RMS) 2026-27, with procurement estimated at 297 Lakh Metric Tonnes (LMT), and farmers to receive about Rs 84,263 crore at MSP, according to an official statement from the government on Friday.
RMS 2026-27, margins over the cost of production peak at 109 per cent for wheat. Notably, over 100 per cent production of tur (arhar), urad, masoor will be procured upto 2028-29, with 2.46 LMT tur already procured by March, 2025.
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