Government announced increase in MSPs for six Rabi crops

Union Government has announced increase in the Minimum Support Prices (MSPs) for all mandated Rabi crops. The decision was taken in the meeting of Cabinet Committee on Economic Affairs held under the Chairmanship of Prime Minister Narendra Modi.

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Key-Points

The MSP of six Rabi crops including Wheat, Chana, Masoor, Mustard, Jowar and Safflower has been hiked in the range of 50 to 300 rupees.

The MSP of wheat has been increased by 50 rupees and now stands at one thousand 975 rupees per quintal whereas the MSP for Masoor has been hiked by 300 rupees.

MSP for Mustard and Chana has been increased by 225 rupees. Increase in Jowar’s MSP is by 75 rupees while for Safflower the hike is by 112 rupees per quintal.

The hike is in consonance with the recommendations of the Swaminathan Commission’s report reflects the current government’s commitment towards Minimum Support Price and procurement of agri products in the country.