Cabinet approves MSP for 14 kharif crops; here is the full list

The Union Cabinet led by Prime Minister Narendra Modi on Wednesday approved minimum support price (MSP) for 14 kharif crops. Announcing the decision, Ministry 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."

The government on Wednesday raised MSP for paddy by 5.35 per cent to Rs 2,300 per quintal for the 2024-25 kharif marketing season. The hike in paddy support price comes despite the government sitting on surplus rice stocks, but it is significant ahead of elections in states like Haryana, Maharashtra, Jharkhand, and Delhi.

"The third term of PM Modi is very important as it focuses on continuity with change through many decisions for farmers's welfare," said Vaishnaw.


The MSP for 'common' grade paddy has been raised Rs 117 to Rs 2,300 per quintal, while for the 'A' grade variety it has been hiked to Rs 2,320 per quintal for the upcoming kharif season, Vaishnaw told reporters.

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).

The minister said the government is committed to providing price to farmers at 50 per cent more than the input cost and the decisions were aligned to that objective.

After being sworn in as PM for the third time, Prime Minister Narendra Modi signed his first file authorising the release of the 17th instalment of PM Kisan Nidhi reflecting the commitment of the government towards farmer welfare.