Cabinet Approves Minimum Support Price (MSP) for Kharif Crops for Marketing Season 2024-2025
The Union Cabinet led by Prime Minister Narendra Modi approved the minimum support price (MSP) for all the mandated crops for Marketing Season 2024-2025. To ensure a remunerative price for the farmers, the government has increased the MSP on 14 Kharif crops.
The highest absolute increase in MSP over the previous year has been recommended for oilseeds and pulses, viz. nigerseed (Rs. 983/- per quintal), followed by sesamum (Rs. 632/- per quintal) and tur/arhar (Rs. 550/- per quintal). Announcing the decision, Minister of Information and Broadcasting Ashwini Vaishnaw said, “Some very important decisions have been taken in today’s Cabinet. One very important decision has been taken for the welfare of farmers. Kharif season is starting, and for that, the Cabinet has approved MSP on 14 crops.”
Nigerseed saw the highest absolute rise in MSP, which increased up to Rs. 983 per quintal from the previous year, followed by sesamum at Rs. 632 per quintal. In pulses, tur/arhar got a slight increase of Rs. 550 per quintal. This shows that the core focus was on Kharif crops, and the most significant absolute increases are recommended for oilseeds and pulses for now. This initiative aims to ensure remunerative prices for growers, thereby enhancing their economic stability and encouraging the cultivation of these essential crops.
The Union government, under the leadership of Prime Minister Shri Narendra Modi, is committed to working for the betterment and welfare of farmers in its third consecutive term. As the government says, this is 1.5 times the cost of production, which the farmers will get after the implementation of the new MSP rates.
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