Msp For Karif Crops

Textiles minister reviews MSP readiness for cotton procurement season

Union Textiles Minister Giriraj Singh chaired a high-level meeting to assess the preparedness for Minimum Support Price (MSP) operations for cotton procurement during the Kharif Marketing Season 2025-26 starting October 1, 2025. Reiterating the government's commitment to the welfare of cotton farmers, Singh assured that all kapas arriving under MSP guidelines will be procured without disruption, with a focus on timely, transparent, and farmer-centric service delivery. "Starting this season, nationwide Aadhaar-based self-registration of cotton farmers and 7-day rolling slot booking will be facilitated via the newly launched 'Kapas-Kisaan' mobile app. "This digital platform aims to streamline procurement operations, ensure transparency and enable direct Aadhaar-linked payments to farmers' bank accounts through the National Automated Clearing House. The SMS-based payment intimation service introduced last year will also continue," the Textile Ministry said. The minister reaffirmed the

MSPs ensured minimum return of 50% over production cost in 2023-24: RBI

The minimum support prices (MSPs) for both kharif and rabi seasons 2023-24 ensured a minimum return of 50 per cent over the cost of production for all crops, said the Reserve Bank's Annual Report released on Thursday. The overall public stock of foodgrains as on March 31, 2024 stood at 2.9 times the total quarterly buffer norm, the report said. On November 29, 2023, the government extended the scheme of free distribution of foodgrains under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for five more years, effective from January 1, 2024. The report, which is a statutory report of RBI's central board of directors, noted that the agriculture and allied activities faced headwinds from the uneven and deficient south-west monsoon (SWM) rainfall coinciding with strengthening El Nino conditions. The overall SWM rainfall in 2023 (June-September) was 6 per cent below long period average (LPA) at the all-India level. As per the second advance estimates, the production of kharif and r

Wheat export ban to continue as govt falls short on procurement targets

The ban was first introduced in May last year because of a decline in wheat production in the country

MSP policy for crops has little impact on 'meaningful procurement': Report

If the very low extent of procurement under the MSP is any indication, the very scheme is inefficient, given the low intake and massive price differences between the support and market prices

Increase in MSP of kharif crops will empower farmers: PM Narendra Modi

Prime Minister Narendra Modi on Wednesday said the Union Cabinet decision to increase the minimum support price for kharif crops will empower crores of farmers. The government has taken an important decision in the interest of farmers, he said in a tweet. The Centre on Wednesday hiked the minimum support price for kharif crops by 4-9 per cent for the 2022-23 crop year, with paddy MSP being raised by Rs 100 to Rs 2,040 per quintal, a move aimed at encouraging farmers to bring more area under cultivation and boost their income. The Cabinet Committee on Economic Affairs (CCEA), chaired by PM Modi, approved the increase in MSPs for all 14 kharif (summer) crops for 2022-23 crop year.

Govt procures 42.2 mn tonnes paddy worth Rs 79,675 cr at MSP so far

Paddy procurement has increased 22 per cent so far in the ongoing kharif marketing season to 422.01 lakh tonnes, valued at Rs 79,675 crore. The kharif marketing season (KMS) starts from October. Paddy procurement for kharif 2020-21 is continuing smoothly in Punjab, Haryana, Uttar Pradesh, Telangana, Uttarakhand, Tamil Nadu, Chandigarh, Jammu & Kashmir, Kerala, Gujarat, Andhra Pradesh, Odisha, Madhya Pradesh, Maharashtra and Bihar, an official statement said. The Food Corporation of India and state agencies have purchased 422.01 lakh tonnes of paddy up to December 21 as against 346.10 lakh tonnes in the corresponding period of last year. "About 50.77 Lac farmers have already been benefitted from the ongoing KMS procurement Operations with MSP value of Rs 79675.58 crore," the statement said. Punjab has purchased 202.77 lakh tonnes till the close of procurement season in the state on November 30, accounting for 48.05 per cent of total procurement in the country. The government ...

MSPs under UPA govt rose faster than under NDA regime for kharif crops

Years close to elections see steepest rise in MSP, compared to non-election years