Cabinet approves Minimum Support Prices (MSP) for Kharif Crops for Marketing Season 2025-26
The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for 14 Kharif Crops for Marketing Season 2025-26.
Government has increased the MSP of Kharif Crops for Marketing Season 2025-26, to ensure remunerative prices to the growers for their produce. The highest absolute increase in MSP over the previous year has been recommended for nigerseed (Rs.820 per quintal) followed by Ragi (Rs.596 per quintal), Cotton (Rs.589 per quintal) and Sesamum (Rs.579 per quintal).
The increase in MSP for Kharif Crops for Marketing Season 2025-26 is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of at least 1.5 times of the All-India weighted average cost of production, The expected margin to farmers over their cost of production are estimated to be highest in case of bajra (63%) followed by maize (59%), tur (59%) and urad (53%). For rest of the crops, margin to farmers over their cost of production is estimated to be at 50%.
In the recent years, Government has been promoting the cultivation of crops, other than cereals such as pulses and oilseeds, and Nutri-cereals/ Shree Anna, by offering a higher MSP for these crops.
During the period 2014-15 to 2024-25, procurement of paddy was 7608 LMT while during the period 2004-05 to 2013-14, procurement of paddy was 4590 LMT.
During the period 2014-15 to 2024-25, procurement of 14 Kharif crops was 7871 LMT while during the period 2004-05 to 2013-14, procurement was 4679 LMT.
During the period 2014-15 to 2024-25, MSP amount paid to Paddy growing famers was Rs. 14.16 Lakh Crore while during the period 2004-05 to 2013-14, amount paid to farmers was Rs. 4.44 Lakh Crore.
During the period 2014-15 to 2024-25, the MSP amount paid to 14 Kharif crops growing famers was Rs. 16.35 Lakh Crores while during the period 2004-05 to 2013-14, MSP amount paid to farmers was Rs. 4.75 Lakh Crore.
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