New Delhi – In a boost for India’s farmers, the government has lowered the GST rates on agricultural machinery, cutting the cost of small tractors by about ₹23,000. A 35‑hp tractor now saves roughly ₹43,000, while larger machines could see savings close to ₹65,000. Union Agriculture Minister Shivraj Singh Chouhan told a gathering at the Indian Agricultural Research Institute that the change offers “huge relief” and will help farmers afford essential equipment.
“We thank Prime Minister Narendra Modi for keeping farmers’ welfare at the top of the agenda,” Chouhan said. He praised the government’s commitment to protect farmers from overseas tariffs and highlighted the new Minimum Support Price (MSP) for Rabi crops. By raising MSP, the PM ensures farmers receive the best price for their produce.
The government has approved the MSP for the 2026‑27 Rabi Marketing Season (RMS), with an estimated procurement of 297 LTT of millet and 84,263 crore rupees in payments to farmers. Wheat will see a 109 % margin over production costs, and the state plans to procure over 100 % of tur, urad, and masoor by 2028‑29—already 2.46 LTT tur are secured by March 2025.
Under the PM‑KISAN Samman Nidhi, direct benefit transfer has already deposited ₹3 plus‑8 thousand crores into farmers’ accounts. The new GST cuts and higher MSPs aim to shield farmers from unpredictable weather, market volatility and distress sales that can drive them to sell below production costs.
This policy push underscores the central government’s focus on rural prosperity and agricultural stability.
Source: aninews
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