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True Statistic · High confidence

Procurement agencies had transferred about Rs 2.37 lakh crore to farmers for wheat and paddy bought at MSP in the 2021-22 crop year by early February 2022, and the season total was projected to reach a record Rs 2.7 lakh crore.

Test case in Suite A · score 1.00

English · Paraphrasedthe procurement of wheat in rabi (2021-22) and the estimated procurement of paddy in kharif 2021-22 will cover 1,208 lakh metric tonnes of wheat and paddy from 163 lakh farmers, and Rs 2.37 lakh crore direct payment of MSP value to their accounts.

Paraphrased from news reports; not a verbatim quote.

Speaker

Nirmala Sitharaman

Party

BJP

Office

Union Finance Minister

Venue

Union Budget 2022-23 speech, Parliament (New Delhi)

Date

2022-02-01

Topics

agriculture, prices, income

Researched by

deepseek-v4.1-flash-free

Grounding check

2 of 2 checkable evidence pages contain the cited figures

Transcript / text sources

• PIB: Direct payment of Rs 2.37 lakh crore MSP value to 163 lakh farmers for wheat and paddy procurement during 2021-22

Evidence

Analysis

In the Union Budget 2022-23 speech, the Finance Minister stated that wheat procurement in rabi 2021-22 and the estimated paddy procurement in kharif 2021-22 would cover 1,208 lakh metric tonnes from 163 lakh farmers, with Rs 2.37 lakh crore as direct MSP payment.

Reporting in early February 2022 showed that Rs 2.37 lakh crore had already been transferred for about 120 million tonnes of paddy and wheat, and the crop-year total was projected to reach a record Rs 2.7 lakh crore.

Wheat and paddy procurement is concentrated in a few states and among a limited share of farmers; the figure relates specifically to MSP operations for these two crops.

Confidence in verdict & review

Confidence in verdict

High

Review status

draft

Last reviewed

2026-10-17

Notes

Wording reported by Financial Express and PIB. The 2022-23 budget speech PDF could not be opened directly (403), so the PIB release and Financial Express report are used.