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How much money was allocated in the Union Budget 2022–23 for MSP (Minimum Support Price) for wheat and paddy farmers for the fiscal year 2022–23?

1. 2.47 lakh crore
2. 2.37 lakh crore
3. 2.13 lakh crore
4. 2.07 lakh crore

Correct answer: 2.37 lakh crore

Solution

In Union Budget 2022–23, the government announced an allocation of Rs. 2.37 lakh crore for MSP-related procurement of wheat and paddy. This figure was highlighted as support for farmers through procurement operations.

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