Increased MSP for Kharif Crops

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.

- Mukesh Ranjan @ New Delhi

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.