New Delhi [India], October 16 (ANI): The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi, has approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi Crops for the Marketing Season 2025-26.
Government has increased the MSP of Rabi Crops to ensure remunerative prices to the growers for their produce. The absolute highest increase in MSP has been announced for Rapeseed & Mustard at Rs 300 per quintal followed by Lentil (Masur) at Rs 275 per quintal.
The decision was announced on Wednesday by Union Minister Ashwini Vaishnaw after the Cabinet meeting held today.
For gram, wheat, safflower and barley, there is an increase of Rs 210 per quintal, Rs150 per quintal, Rs140 per quintal and Rs130 per quintal respectively.
The increase in MSP for mandated Rabi Crops for Marketing Season 2025-26 is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of at least 1.5 times of the All-India weighted average cost of production.
The expected margin over all-India weighted average cost of production is 105 percent for wheat, followed by 98 percent for rapeseed & mustard; 89 per cent for lentil; 60 per cent for gram; 60 percent for barley; and 50 percent for safflower. This increased MSP of rabi crops will ensure remunerative prices to the farmers and incentivise crop diversification. (ANI)
You may also like
'Scariest movie of the year' is out in cinemas this week as first reviews revealed
Rory McIlroy and Tiger Woods have same opinion on Greg Norman as LIV Golf plot huge change
'Newscum, I call him': Trump takes a dig at California governor Gavin Newsom
Novak Djokovic accused of 'giving up' as ex-French Open champion sends apologies
Should mobile phones be banned from schools? Take our poll and have your say
Chilling CCTV after young woman stabbed to death in nightclub by punter who couldn't pay
Root hits career-high rating in ICC Test rankings after Multan masterclass
BJP's Nayab Singh Saini to take oath as Haryana CM Tomorrow
Harry Clark looks glum as he breaks cover after lies got him booted off Celebrity SAS
Le Creuset's colourful coveted mugs now less than £9 at Amazon
Why droughts, not economic struggles, could be the new reason for urban migration
Nagaland State Lottery Result: October 16, 2024, 1 PM Live - Watch Streaming Of Winners List Of Dear Indus Sambad Morning Wednesday Weekly Draw
Indian Team Hasn't Cracked It Individually and Collectively On Playing T20s, Says Anjum Chopra
Kyle Walker handed divorce papers by wife Annie Kilner after Lauryn Goodman scandal
IGNOU Extends Admission Deadline For July 2024 Session Till October 31
Simu Liu calls out 'cultural appropriation' in Dragon Dens' Bobba pitch
Bukayo Saka injury latest as Arsenal given 'hope' with Mikel Arteta to provide update
James, Jorgensen, Colwill - Chelsea injury news and return dates for Liverpool
The Lake Of Skeletons Is Shrinking; Know How Roopkund Lake Is Diminishing Due To Climate Change
Meet the Author Who Wrote a Book That Shocked Even Their Closest Friends