Union Cabinet gave its nod on Wednesday to an increment in the Minimum Support Prices (MSP) for all mandated Rabi crops, set to come into effect during the 2024-25 marketing season.
Under this policy, the government, acting through its agencies, procures crops from farmers at the established support prices. The most substantial increase in MSP has been sanctioned for lentils (masur dal), receiving a boost of Rs 425 per quintal. Rapeseed and mustard follow closely with an increase of Rs 200 per quintal.
Wheat and safflower will see their MSP rise by Rs 150 per quintal, and for barley and gram, the MSP is slated to increase by Rs 115 per quintal and Rs 105 per quintal, respectively.
The adjustment in MSP for the mandated Rabi crops aligns with the announcement made in the Union Budget of 2018-19, which specified that the MSP should be set at a level of at least 1.5 times the average cost of production.
An official release affirms, “This elevated MSP for Rabi crops will ensure that farmers receive profitable prices for their produce and encourage diversification in crop cultivation.”
India observes three distinct cropping seasons: Summer, Kharif, and Rabi. Rabi crops, sown between October and November and harvested from January, depending on maturity, form a critical part of the country’s agricultural landscape. Crops cultivated between June and July, reliant on monsoon rains and harvested in October-November, constitute the Kharif season, while those grown between Rabi and Kharif are categorized as Summer crops.
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