Information & Broadcasting Minister Ashwini Vaishnaw has announced revised MPS for rabi crops.
The MSP for wheat increased by Rs 150 per quintal, from Rs 2,275 to Rs 2,425. The MSP for mustard is increased by Rs 300 to Rs 5,950, and chana by Rs 210 to Rs 5,650.
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the minimum support price (MSP) for rabi crops, including wheat, chana and mustard, announced Information & Broadcasting Minister Ashwini Vaishnaw.
The MSP for wheat increased by Rs 150 per quintal, from Rs 2,275 to Rs 2,425. The MSP for mustard is increased by Rs 300 to Rs 5,950, and chana by Rs 210 to Rs 5,650.
Like wise, MSP on barley, masoor, safflower has also been increased to Rs 1,980, Rs 6,700, and Rs 5,940 apiece, respectively.
MSP, or Minimum Support Price, is a government-set price at which it buys certain agricultural products from farmers. It’s meant to ensure that farmers get a fair price for their crops, even if market prices are low, helping protect them from financial loss.
(The story will be updated)
