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Home»Business»Centre announces MSP hike for 14 Kharif crops; highest for ragi, 3% increase for paddy | Business News
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Centre announces MSP hike for 14 Kharif crops; highest for ragi, 3% increase for paddy | Business News

May 29, 2025No Comments5 Mins Read
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The Centre Wednesday introduced minimal assist costs (MSP) for 14 crops for the 2025-26 Kharif Advertising and marketing Season (KMS), with moong seeing the bottom and ragi the best enhance. A call to this impact was taken by the Cupboard Committee of Financial Affairs, which met below the chairmanship of Prime Minister Narendra Modi.

In proportion phrases, ragi recorded a most hike of 13.89 per cent to Rs 4,886 per quintal in KMS 2025-26 as towards Rs 4,290 per quintal within the final season. Like ragi, one other millet crop, jowar additionally noticed virtually a double-digit hike in proportion phrases in its MSP. The MSP of jowar (hybrid) and jowar (Maldandi) has been fastened at Rs 3,699 and Rs 3,749 per quintal, respectively, which is sort of 10 per cent larger as in comparison with the final Kharif season. The MSP of bajra has been fastened at Rs 2,775 per quintal, which is 5.71 per cent larger in comparison with the final season’s Rs 2,625 per quintal.

ARTICLE CONTINUES BELOW VIDEO

Lately, the federal government has been selling millet crops, together with ragi and jowar, and has declared them as Shree Anna. Ragi accounts for simply 0.51 per cent of the gross cropped space of the nation and is principally grown in Karnataka, Tamil Nadu and Maharashtra. Main jowar producing states are Maharashtra, Karnataka, Rajasthan, Tamil Nadu and Uttar Pradesh.

VIDEO | Delhi: Right here’s what Union Minister Ashwini Vaishnaw (@AshwiniVaishnaw) mentioned throughout Cupboard Briefing:

“In the present day, we are going to talk about the 5 most vital choices taken by Union Cupboard. Two large choices are taken for Farmers’ welfare. These are MSP for Kharif crops and… pic.twitter.com/lTs5QDWzDn

— Press Belief of India (@PTI_News) May 28, 2025

Moong, a pulse crop, noticed the bottom hike of simply 0.99 per cent—to Rs 8,768 per quintal in KMS 2025-26 from Rs 8,682 per quintal over the last season. Moong is grown in Rajasthan, Maharashtra, Madhya Pradesh and Karnataka.

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Like moong, paddy has additionally seen a low hike in MSP. The MSP for paddy (frequent) and paddy (Grade A) has been fastened at Rs 2,369 and a couple of,389 per quintal, respectively, which is simply 3 per cent larger in comparison with the final season. The rationale for the low hike in MSP for paddy is that the federal government has document inventory of rice within the Central Pool. As per the Meals Company of India (FCI), 381.47 lakh metric tonnes (LMT) of rice and 318.73 LMT of unmilled paddy had been accessible within the Central Pool as on Might 1, 2025. Taken collectively (rice and unmilled paddy), the full rice inventory can be 595 LMT.

Amongst oilseeds, the MSP of niger seed has been fastened at Rs 9,537 per quintal— 9.41 per cent larger than the final season; and soyabean (yellow) at Rs 5,328 per quintal— 8.91 per cent larger in comparison with the final season. The MSP of groundnut and sunflower seed has been elevated by 7 per cent and 6 per cent, respectively.

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The MSP of cotton (medium staple) and cotton (lengthy staple) has been elevated by 8.27 per cent and seven.83 per cent, respectively.

In absolute phrases, the best enhance in MSP over the earlier 12 months has been for niger seed (Rs 820 per quintal) adopted by ragi (Rs 596 per quintal), cotton (Rs 589 per quintal) and sesamum (Rs 579 per quintal).

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Final 12 months, the MSP for these 14 Kharif crops was hiked within the vary of 1.4-11.54 per cent.

In a separate choice, the Union Cupboard chaired by PM Modi accredited the continuation of the Curiosity Subvention (IS) part below the Modified Curiosity Subvention Scheme (MISS) for the monetary 12 months 2025-26, and accredited the required fund preparations. Underneath MISS, short-term credit score is offered to farmers at an “inexpensive rate of interest” by means of the Kisan Credit score Card (KCC). “No adjustments have been proposed within the construction or different elements of the scheme,” mentioned an official assertion.

MSP (Rs per quintal) for Kharif Marketing Season (KMS) MSP (Rs per quintal) for Kharif Advertising and marketing Season (KMS)

Harikishan Sharma

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Harikishan Sharma, Senior Assistant Editor at The Indian Categorical’ Nationwide Bureau, makes a speciality of reporting on governance, coverage, and knowledge. He covers the Prime Minister’s Workplace and pivotal central ministries, such because the Ministry of Agriculture & Farmers’ Welfare, Ministry of Cooperation, Ministry of Shopper Affairs, Meals and Public Distribution, Ministry of Rural Growth, and Ministry of Jal Shakti. His work primarily revolves round reporting and coverage evaluation. Along with this, he authors a weekly column titled “STATE-ISTICALLY SPEAKING,” which is prominently featured on The Indian Categorical web site. On this column, he immerses readers in narratives deeply rooted in socio-economic, political, and electoral knowledge, offering insightful views on these crucial elements of governance and society. … Learn Extra



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