MSP hike for Rabi crops: The Union cabinet on Tuesday (October 18) approved the Minimum Support Prices (MSPs) for all Rabi Crops for marketing season 2023-24.  The decision to increase the MSPs (minimum support prices) was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.

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The CCEA approved an increase in MSPs for six rabi crops for the 2022-23 crop year (July-June) and the 2023-24 marketing season. The sowing of Rabi crops begins from October immediately after the harvest of Kharif crops. Wheat and mustard are major Rabi crops.

 

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