The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved an increase in the Minimum Support Prices (MSP) for all mandated Rabi crops for the 2024-25 marketing season.
The government through its agencies procures crops from farmers at the support price.
The highest increase in MSP has been approved for lentil (masur dal) at Rs 425 per quintal followed by rapeseed and mustard at Rs 200 per quintal.
For wheat and safflower, an increase of Rs 150 per quintal each has been approved.
For barley and gram, the MSP has been increased by Rs 115 per quintal and Rs 105 per quintal respectively.
