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Increased MSP for Kharif Crops
The New Indian Express Mysuru
|May 29, 2025
Cabinet okays transport infra projects worth over ₹7K cr, says I&B Minister Aswini Vaishnaw
The Union Cabinet on Wednesday approved a hike in the Minimum Support Price (MSP) for the 2025-26 Kharif season and extended the interest subvention scheme for farmers. It also approved two multi-tracking railway projects in Maharashtra and Madhya Pradesh, as well as a four-lane highway project in Andhra Pradesh.
The Cabinet approved a hike in paddy MSP by three percent or ₹69 per quintal to ₹2,369 for the 2025-26 Kharif season and up to nine percent rise in rates of pulses and oilseeds, according to Union Minister Ashwini Vaishnaw. The cost to the exchequer of the MSP decision is ₹2,07,000 crore, and continuation of the subvention scheme will cost ₹15,642 crore.
The announcement comes amid the southwest monsoon reaching earlier than usual, giving a boost to the sowing of kharif crops, which contribute over 50 per cent of India's total annual foodgrain production.
This story is from the May 29, 2025 edition of The New Indian Express Mysuru.
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