PM Modi's MSP increase is like band-aid for a haemorrhage: Rahul Gandhi
Rahul accused the Modi government of indulging in "marketing", while stating that Karnataka government had displayed "action".
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New Delhi: Congress President Rahul Gandhi on Friday said the Narendra Modi government`s announcement of a hike in the MSP of 14 crops to the tune of Rs 15,000 crore was like applying a band-aid to a massive haemorrhage and cited the example of Karnataka which has waived off farm loans to the tune of Rs 34,000 crore.
"PM`s grand MSP increase is budgeted at just 15,000 Cr. for India`s 120 million farmers; which is like applying a Band-Aid to a massive haemorrhage. To put this MSP increase in perspective: in Karnataka, we`ve waived small farmer loans of over 34,000 Cr! Marketing Vs Action," he said in a tweet after the Janata Dal-Secular and Congress coalition government in Karnataka waived farm loans totalling Rs 34,000 crore giving relief to distressed farmers across the state.
Modi government had on Wednesday approved a Minimum Support Price (MSP), providing farmers a profit of 50 per cent or more over "cost of production", for 14 notified kharif crops for 2018-19.