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Increased MSP for Kharif Crops
The Morning Standard
|May 29, 2025
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.
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