Amul said that they will not be increasing the price as of now while Mother Dairy said that they were evaluating the current situation.
Farmers who typically come under small and marginal categories and those who don't have irrigation facilities will get the maximum benefits, said Rajasthan Agriculture Minister Prabhu Lal Saini.
In his Budget speech, finance minister Arun Jaitley said MSP for kharif crop would be at least at one and half times of their production cost, but he did not give more details.
The minister said the agricultural ministry, Niti Aayog and states would work out the new mechanism to make sure that the benefits of the support price reach every farmer.
Farm leaders welcomed the priority accorded to rural India in the Budget but some are concerned that the funds allocated for agriculture may not be enough.
For this, Rs 2,000 crore would be spent to develop and upgrade agricultural marketing infrastructure in the 22,000 grameen agricultural markets (GrAMs) and 585 mandis.
FCI is the government's nodal agency for procurement and distribution of foodgrains. The move will help FCI to improve its liquidity situation.
A total of 99 projects are to be completed in phases by the end of 2019, bringing 7.9 million hectares of land under assured irrigation.
Tabled by Arun Jaitley in Parliament today, the ES said that Indian farmers were adapting to farm mechanization at a faster rate in comparison to recent past.
The policy seeks to ensure that women farmers get enhanced access to resources such as credit, technology and training at a time when migration of men from rural to urban areas is growing.
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