Prime Minister Modi Announces Increase in MSP for Rabi Crops for 2025-26
Prime Minister Narendra Modi has announced an increase in the Minimum Support Price (MSP) for all mandated Rabi crops for the 2025-26 marketing season. This decision, made by the Cabinet Committee on Economic Affairs chaired by Modi, aims to provide better prices for farmers’ produce. Modi emphasized the government’s commitment to farmers’ welfare, stating that the increase will ease the lives of food providers.
The highest MSP increase is for Rapeseed and Mustard at Rs 300 per quintal, followed by Lentil (Masur) at Rs 275 per quintal. Other increases include Rs 210 per quintal for gram, Rs 150 per quintal for wheat, Rs 140 per quintal for safflower, and Rs 130 per quintal for barley. This aligns with the Union Budget 2018-19’s goal of setting MSP at least 1.5 times the all-India weighted average cost of production.
The expected margin over the cost of production is 105% for wheat, 98% for rapeseed and mustard, 89% for lentil, 60% for gram and barley, and 50% for safflower. This move is expected to ensure remunerative prices for farmers and encourage crop diversification.
Doubts Revealed
Prime Minister Modi -: Narendra Modi is the current Prime Minister of India. He is the leader of the government and makes important decisions for the country.
MSP -: MSP stands for Minimum Support Price. It is the price at which the government buys crops from farmers to ensure they get a fair price for their produce.
Rabi crops -: Rabi crops are the crops that are sown in winter and harvested in the spring. Examples include wheat, barley, and mustard.
Cabinet Committee on Economic Affairs -: This is a group of important ministers in the Indian government who make decisions about the country’s economy, like setting prices for crops.
Rapeseed and Mustard -: These are types of oilseed crops grown by farmers. They are used to produce cooking oil and other products.
Union Budget 2018-19 -: The Union Budget is a financial statement presented by the government every year. The 2018-19 budget included a goal to help farmers by setting MSP at 1.5 times the cost of growing crops.
Crop diversification -: Crop diversification means growing different types of crops instead of just one. This helps farmers reduce risks and improve their income.
