For the marketing season 2024–2025, the government has raised the MSP of Rabi Crops to ensure that farmers receive remunerative prices for their produce.
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The Union Cabinet has decided to raise the Minimum Support Prices (MSP) for all mandated Rabi crops for marketing season 2024-25. The decision was taken by the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi.
For the marketing season 2024–2025, the government has raised the MSP of Rabi Crops to ensure that farmers receive remunerative prices for their produce. (MSP is the minimum rate at which the grain is purchased by the government procurement agencies).
The highest increase in MSP has been approved for lentil (masur dal) at Rs 425 per quintal followed by rapeseed and mustard at Rs 200 per quintal. For wheat and safflower, an increase of Rs 150 per quintal each has been approved. For barley and gram, the MSP has been increased by Rs 115 per quintal and Rs 105 per quintal respectively.
The increase in MSP for mandated Rabi Crops for Marketing Season 2024-25 is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of at least 1.5 times of the All-India weighted average Cost of Production.
Table: Minimum Support Prices (MSP) for all Rabi crops for Marketing Season 2024-25 (Rs.per quintal)
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