NEW DELHI: The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved an increase in minimum support prices (MSP) for all mandate holders. Rabi crops for the 2024-2025 marketing year.
The government through its agencies purchases crops from farmers at the support price.
The highest increase in MSP has been approved for lentils (masur dal) at Rs 425 per quintal, followed by rapeseed and mustard at Rs 200 per quintal.
An increase of Rs 150 per quintal each has been approved for wheat and safflower.
For barley and gram, the MSP has been increased by Rs 115 per quintal and Rs 105 per quintal respectively.
According to the government, the revision of the MSP for mandatory Rabi crops is in line with the announcement of the Union Budget 2018-19, which set the MSP at a level of at least 1.5 times the average cost of production.
“This increased MSP of Rabi crops will ensure remunerative prices for farmers and encourage crop diversification,” an official release said.
India has three harvest seasons: summer, Kharif and Rabi.
Crops sown in October and November and those harvested from January onwards depending on ripeness are Rabi. Crops sown in June-July and dependent on monsoon rains are harvested in October-November and are kharif. Crops produced between Rabi and Kharif are summer crops. (ANI)
The government through its agencies purchases crops from farmers at the support price.
The highest increase in MSP has been approved for lentils (masur dal) at Rs 425 per quintal, followed by rapeseed and mustard at Rs 200 per quintal.
An increase of Rs 150 per quintal each has been approved for wheat and safflower.
For barley and gram, the MSP has been increased by Rs 115 per quintal and Rs 105 per quintal respectively.
According to the government, the revision of the MSP for mandatory Rabi crops is in line with the announcement of the Union Budget 2018-19, which set the MSP at a level of at least 1.5 times the average cost of production.
“This increased MSP of Rabi crops will ensure remunerative prices for farmers and encourage crop diversification,” an official release said.
India has three harvest seasons: summer, Kharif and Rabi.
Crops sown in October and November and those harvested from January onwards depending on ripeness are Rabi. Crops sown in June-July and dependent on monsoon rains are harvested in October-November and are kharif. Crops produced between Rabi and Kharif are summer crops. (ANI)
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