The decision marks Prime Minister Narendra Modi’s first major agricultural policy initiative in his third term
In a significant move ahead of Assembly elections in states like Haryana, Maharashtra, Jharkhand and Delhi, the Central government has announced a substantial increase in Minimum Support Prices (MSPs) for kharif crops. The decision marks Prime Minister Narendra Modi’s first major agricultural policy initiative in his third term.
The Cabinet, acting on recommendations from the Commission for Agricultural Costs and Prices (CACP), approved the MSP hike for 14 kharif crops, underscoring its commitment to ensure farmers receive at least 1.5 times the cost of production. Union minister Ashwini Vaishnaw emphasised that the decision reflects the government’s steadfast approach to supporting agricultural livelihoods.
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