Minimum Support Price

Empowering farmers through PM-AASHA: A step towards economic resilience

The Ministry of Agriculture & Farmers Welfare has implemented key initiatives to boost farmers' income, with the Government's Minimum Support Price (MSP) policy ensuring fair prices for major agricultural commodities. This encourages higher investments in farming, boosting both production and productivity. In the Rabi season of 2023-24, the government procured 6.41 LMT of pulses, benefiting 2.75 lakh farmers. This procurement, part of the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM...

September 16, 2024 6:17 PM

Cabinet approves MSP for 14 Kharif season crops, farmers to get Rs 35,000 crore more over previous season

The Union Cabinet on Wednesday approved an increase in the Minimum Support Price (MSP) for 14 Kharif crops, including paddy, ragi, bajra, jowar, maize, and cotton. The decision will have a financial implication of Rs 2 lakh crore for the government while ensuring a gain of Rs 35,000 crore for farmers over the previous season. Addressing the media after the Cabinet meeting, Information and Broadcasting Minister Ashwini Vaishnaw underscored the significance of Prime Minister Narendra Modi's third...