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Minimum Support Price (MSP)

CCEA approves infusion of Rs 10,700 crore equity in state-owned FCI for working capital

CCEA approves infusion of Rs 10,700 crore equity in state-owned FCI for working capital

Wed, Nov 06, 2024

The FCI started its journey in 1964 with authorised capital of Rs 100 crore and equity of Rs 4 crore.

Government's priority is farmers’ welfare: Agriculture Minister Shivraj Singh Chouhan

Government's priority is farmers’ welfare: Agriculture Minister Shivraj Singh Chouhan

Wed, Sep 11, 2024

In response, he revealed that the central government had previously permitted states such as Maharashtra and Karnataka to purchase soybeans at MSP.

Government should devise alternative mechanisms of MSP to guarantee fair price to farmers: SBI

Government should devise alternative mechanisms of MSP to guarantee fair price to farmers: SBI

Tue, Jul 09, 2024

The report noted that government procurement of crops is limited to just about 6 per cent of the total produce, and there is a need for alternative mechanisms like agriculture markets and village haats to support the remaining 94 per cent of the agricultural output.

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Govt readies 'MSP Guarantee formula', likely to procure 3 varieties of pulses, maize at MSP if farmers opt for crop diversification

Govt readies 'MSP Guarantee formula', likely to procure 3 varieties of pulses, maize at MSP if farmers opt for crop diversification

Fri, Mar 08, 2024

The Food and Consumer Affairs Ministry is creating a portal where farmers can register by providing information such as their Aadhaar Card number. Farmers will be required to self-certify and mention their diversification into pulse and maize crops on the portal.

Minimum Support Prices hike for rabi crops gets Cabinet nod; masur, mustard see highest rise

Minimum Support Prices hike for rabi crops gets Cabinet nod; masur, mustard see highest rise

Wed, Oct 18, 2023

The highest increase in MSP has been approved for lentil (masur dal) at Rs 425 per quintal followed by rapeseed and mustard at Rs 200 per quintal.

Wheat's average wholesale prices records nearly 23% rise over last year

Wheat's average wholesale prices records nearly 23% rise over last year

Sun, Dec 11, 2022

As per the data from the Ministry of Consumer Affairs, the all India average wholesale price of wheat in December 2021 was Rs 2,212 per quintal and increased to Rs 2,721 per quintal during November 2022.

Committee on MSP to hold 3rd meeting on October 31 in Bhubaneswar

Committee on MSP to hold 3rd meeting on October 31 in Bhubaneswar

Wed, Oct 19, 2022

In the first meeting held on August 22 in the national capital, the committee -- headed by former Agriculture Secretary Sanjay Agrawal -- had formed three internal sub-groups to deliberate on the mandated topics. The second meeting, held on September 27 in Hyderabad, deliberated on organic farming.

No wheat crisis in country, domestic prices above MSP: Agriculture Minister

No wheat crisis in country, domestic prices above MSP: Agriculture Minister

Fri, Jul 22, 2022

In 2020-21, the country's wheat production stood at 109.59 million tonnes.

Cabinet decision: Cabinet approves increasing MSP of Kharif crops for the year 2022-23

Cabinet decision: Cabinet approves increasing MSP of Kharif crops for the year 2022-23

Wed, Jun 08, 2022

The Central Government has approved to increase the Minimum Support Price (MSP) for the Kharif season on June 8, 2022.

Year Ender 2021: Record foodgrains production likely in 2022; farm laws repeal, price rise bitter pills for agri sector

Year Ender 2021: Record foodgrains production likely in 2022; farm laws repeal, price rise bitter pills for agri sector

Tue, Dec 28, 2021

India achieved record foodgrains production this year but the withdrawal of three agri-reform laws and spike in cooking oil prices cast a shadow on the country's resilient agriculture sector that is on course for better harvest in 2022 despite pandemic blues.

Nearly 30K farmers benefitted from paddy procurement under KMS

Nearly 30K farmers benefitted from paddy procurement under KMS

Thu, Oct 07, 2021

A quantity of 2,87,552 MT of Paddy has been procured in KMS 2021-22 up to October 5, benefiting 29,907 farmers with Minimum Support Price (MSP) value of Rs 563.60 crore.

Cabinet increases MSP for Rabi crops; hikes wheat MSP by Rs 40 to Rs 2,015 per quintal

Cabinet increases MSP for Rabi crops; hikes wheat MSP by Rs 40 to Rs 2,015 per quintal

Wed, Sep 08, 2021

The minimum support price for wheat has been hiked by Rs 40 to Rs 2,015 per quintal and for mustard seed by Rs 400 to Rs 5,050 per quintal for the current crop year.

MSP hiked for 6 Rabi crops! After two key farm bills, farmers get another gift from Modi government - Full price details

MSP hiked for 6 Rabi crops! After two key farm bills, farmers get another gift from Modi government - Full price details

Mon, Sep 21, 2020

Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Monday approved an increase in the Minimum Support Prices (MSPs) for all mandated Rabi crops.

Cabinet approves hike in MSP for all Kharif crops of 2019-20 season; Check details

Cabinet approves hike in MSP for all Kharif crops of 2019-20 season; Check details

Wed, Jul 03, 2019

For the kharif crops of 2019-20, government has increased the MSPs of soyabean by Rs 311 per quintal, sunflower by Rs 262 per quintal and sesamum by Rs 236 per quintal which is a major step towards increasing the income of farmers.

Budget 2019: Good news for farmers, Modi government mulling to address MSP issue

Budget 2019: Good news for farmers, Modi government mulling to address MSP issue

Thu, Jan 10, 2019

So, core committee on agriculture at the Niti Aayog has recommended the government of Indian to pare the losses incurred by the farmers after selling their crops below MSP." Chaudhary said that we have submitted this proposal to the secretary agriculture and expecting a positive response from the government in this regard.

Government rice procurement reaches 238.8 lakh tons so far

Government rice procurement reaches 238.8 lakh tons so far

Mon, Dec 31, 2018

Procurement is undertaken by state-run Food Corporation of India (FCI) and state agencies for the central pool to meet the requirement of food security law. Rice is purchased at the minimum support price (MSP).

PM-AASHA: New scheme is repackaged, will not benefit much

PM-AASHA: New scheme is repackaged, will not benefit much

Mon, Sep 17, 2018

The government had claimed that the new rates represented the steepest ever increase in MSP since the country gained Independence. The hikes were aimed at offering farmers a 150% return on their input costs on each crop and input costs that include heads such as household labour. In some cases, the government offered well above the promised 50% over input cost price, in one case it offered over 90% of the input cost price.

Govt mulling Rs 500cr market assurance scheme to help farmers

Govt mulling Rs 500cr market assurance scheme to help farmers

Sun, Feb 04, 2018

The proposed scheme will strengthen procurement and ensure farmers do not suffer from marketing inefficiencies

Govt may hike MSP for pulses, bonus for farmers

Govt may hike MSP for pulses, bonus for farmers

Mon, Jul 11, 2016

In a move to control rising pulse prices that have neared Rs 200 per kilogram, the central government on Monday decided to set up a committee to relook at the minimum support price (MSP) and bonus to promote pulse cultivation.

Govt hikes minimum support price of pulses by Rs 425 per quintal

Govt hikes minimum support price of pulses by Rs 425 per quintal

Wed, Jun 01, 2016

The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, has given its approval for the hike in the MSPs for all Kharif crops of the 2016-17 season.

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