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The Union Cabinet approved an increase in the Minimum Support Price (MSP) for all Rabi Crops for the Marketing Season__________.
A)
FY 2025-26
B)
FY 2024-25
C)
FY 2023-24
D)
FY 2022-23

Correct Answer :   FY 2023-24


The Cabinet Committee on Economic Affairs chaired by Hon’ble Prime Minister Shri Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi Crops for Marketing Season 2023-24.
 
Government has increased the MSP of Rabi Crops for Marketing Season 2023-24, to ensure remunerative prices to the growers for their produce. 

The absolute highest increase in MSP has been approved for lentil (Masur) at Rs.500/- per quintal followed by rapeseed and mustard at Rs.400/-  per quintal

For safflower, an increase of Rs.209/- per quintal has been approved.  For wheat, gram and barley an increase of Rs.110/- per quintal, Rs.100 per quintal respectively has been approved.
 
MSP for all Rabi Crops for Marketing Season 2023-24

S.No.

Crops

MSP

RMS

2022-23

MSP

RMS

2023-24

Cost* of production RMS 2023-24

Increase in MSP (Absolute)

Return over cost (in per cent)

1

Wheat

2015

2125

1065

110

100

2

Barley

1635

1735

1082

100

60

3

Gram

5230

5335

3206

105

66

4

Lentil (Masur)

5500

6000

3239

500

85

5

Rapeseed & Mustard

5050

5450

2670

400

104

6

Safflower

5441

5650

3765

209

50


Source : PIB

Published On : October 19, 2022
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