The government of India hikes minimum support prices for the Kharif crop. Usually, the government raises MSP (Minimum Support Price) of crop twice a year, [swpm_protected visible_to=”logged_in_users_only” custom_msg=’This content is for members only. Please login or sign up now.’] once ahead of the winter-sown or rabi season and the second time for the summer-sown Kharif season that usually begins in June.
The cabinet has raised the MSP of summer-sown crops by 1.8% and 6.7% in keeping with a policy to offer farmers at least 50% returns over the cost of cultivation.
The highest increase was for sesame and oilseeds, and the next largest increase was for red & black lentils.
List of new Minimum Support Prices (MSP) in INR/20 kg
|Commodity||MSP (Year 2020)||New MSP (Year 2021)||Change|
|Rice common (Dangar)||373.6||388||14.4|
|Rice A grade (Dangar)||472||392||14.4|