Cabinet hikes MSP of Rabi crops

A- A A+

Last Updated : Mar 4 2021 10:28PM Screen Reader Access

News Highlights

UN General Assembly adopts India's resolution to declare 2023 as International Year of Millets Prime Minister Narendra Modi says, India is honored to be at forefront of popularizing Millets BJP CEC meets in New Delhi in wake of upcoming Assembly Elections External Affairs Minister, Dr. S. Jaishanker visits Dhaka, says, Bangladesh is central to India's neighborhood first Policy India commemorates Chabahar Day, External Affairs Minister says, Chabahar port facilitated delivery of humanitarian assistance during COVID-19 pandemic

National News

Oct 03, 2018

9:09PM

Cabinet hikes MSP of Rabi crops

DD News

Cabinet Committee on Economic Affairs, CCEA, has increased the Minimum Support Price (MSP) for all Rabi crops for the current financial year which will be marketed in 2019-20 season.

The MSP of wheat has been raised by 105 rupees per quintal, Safflower by 845 rupees per quintal, Barley by 30 rupees a quintal, Masur by 225 per quintal, Gram by 220 per quintal and rapeseed and mustard by 200 rupees per quintal.

Briefing media after the Cabinet meeting in New Delhi this evening, Agriculture Minister Radha Mohan Singh said, the MSP fixed by the government is much higher than the cost of production.

Speaking on the occasion, Union Minister Ravishankar Prasad said, the decision is a step towards doubling the farmers' income.

The decision will give additional return to the farmers of 62,635 crore rupees by way of increasing the MSP of notified crops to at least 50 per cent return over cost of production.