Record Rs 3.33 Lakh Crore MSP Payouts in 2024-25: Centre

The union government has disbursed a record Rs 3.33 lakh crore under the Minimum Support Price (MSP) system for the 2024-25 season up to August 30, 2025, as the government agencies have procured 1175 lakh MT foodgrain on MSP from the farmers.

- NEERAJ MOHAN

While providing these figures in the Lok Sabha, the Union Agriculture Minister Shivraj Singh asserted that the government has paid Rs 3.33 lakh crore in 2024-25, against Rs 2.91 lakh crore paid in 2020-21.

However, the quantity of foodgrains during this period has come down from 1368 lakh MT to 1118 lakh MT in 2022-23, 1089 lakh MT in 2023-24, and 1175 lakh MT in 2024-25.

The minister said that the MSP system ensures that farmers receive at least 50% return over the cost of production for 22 specified crops, as this policy has been a core part of government support to farmers since 2018-19.