Union Cabinet approves increase in MSP for kharif crops for 2021-22

Govt hikes paddy MSP by Rs 72 to Rs 1,940 per quintal for 2021-22 crop year from Rs 1,868 per quintal last year

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday has approved the increase in the Minimum Support Prices (MSPs) for all mandated kharif crops for marketing season 2021-22.

The MSP of paddy (common) has been increased by Rs 72 per quintal, from Rs 1,868 per quintal in 2020-21 to Rs 1,940 per quintal in 2021-22. Highest absolute increase in MSP over the previous year has been recommended for sesamum (Rs 452 per quintal) followed by tur and urad (Rs 300 per quintal each), said Union Agriculture Minister Narendra Singh Tomar at a press briefing in New