Centre hikes MSP for 14 Kharif crops

Simran Kashyap

New Delhi, June 01: The Union Cabinet on Monday approved an increase in minimum support prices (MSP) of 14 kharif crops.

The increased MSP will ensure a price which will be 50 per cent to 83 per cent more than the cost of production, I&B Minister Prakash Javadekar said while briefing reporters on Cabinet decisions here.

Key takeaways from cabinet briefing: Cheap loans for farmers, relaxed norms for MSMEs

The Centre also hiked the minimum support price (MSP) for kharif crops, including paddy and maize.

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