Cabinet approves MSP hike on Rabi crops, providing pre-Diwali relief to farmers

Published Oct 16, 2024

Tridge summary

The Central Government has approved a significant increase in the Minimum Support Price (MSP) for key rabi crops for the 2025-26 marketing season, as announced by Union Minister Ashwini Vaishnaw. This decision, aimed at benefiting farmers ahead of Diwali and upcoming state elections, includes a Rs 150 per quintal increase for wheat, Rs 300 for mustard, and Rs 210 for gram, among others. The new MSPs are Rs 2,425 for wheat, Rs 5,950 for mustard, Rs 5,650 for gram, Rs 5,940 for safflower, Rs 6,700 for lentil, and Rs 1,980 for barley. This aligns with the Union Budget 2018-19's goal of setting MSP at least 1.5 times the All-India weighted average cost of production, ensuring remunerative prices and encouraging crop diversification.

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Original content

In a significant boost for farmers ahead of Diwali, the Central Government has approved an increase in the Minimum Support Price (MSP) for key rabi crops. The decision was announced by Union Minister Ashwini Vaishnaw following a cabinet meeting on Wednesday. #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} The MSP for wheat has been raised by Rs 150 per quintal, moving from Rs ...

Source: Economic times