Government has increased the Rabi Crop MSP 2024 2025 for wheat, oilseeds, pulses, millette to ensure that farmers can get fair prices for their crop. According to the MSP updated increment and price, the highest margin over cost is for wheat crop.
Rabi Crop MSP 2024-2025
The cabinet committee on economic affairs raised the rabi crop prices to guarantee that farmers receive fair prices for their produce, and the government has increased the Rabi Crop MSP 2024 2025 for the 2024–2025 marketing season. The previous price was 6000 which has been increased to 425 INR.
The highest hike is for lentils crop while the highest hike in the cost over margin is for wheat crop.
An increase of Rs. 150 per quintal each has been allowed for safflower and wheat. Six Rabi crops will have minimum support prices (MSPs) during the 2025–2025 marketing season. At the October 18, 2023, cabinet meeting, the following MSP hikes were approved.
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Rabi Crop Raised MSP Margin
The government has raised the MSP of Rabi Crops in order to guarantee growers fair pricing for their produce for the Marketing Season 2023–2024. The largest allowed rise in MSP is for lentils (masur), which would cost Rs. 500 per quintal. Rapeseed and mustard will follow at Rs. 400 per quintal.
An increase of Rs. 209/-per quintal has been allowed for safflower. A rise of Rs. 110/-per quintal for wheat, Rs. 100/-per quintal for gram, and Rs. 100/-per quintal for barley has been granted.
|Crop||2023-2024||2024-2025||Margin (over cost)|
|Rapeseed & Mustard||5450||5650||98|
Rabi Minimum Support Price Increment 2024-2025
The government has increased the price for the main rabi crops like lentis, rapeseed, mustard seed, barley and Rice. The updated price increment is given below-
- The largest rise was for lentils (masur), at 425 rupees a quintal.
- An increment of 200 rupees per quintal for Mustard and Rapeseed, respectively.
- an increase in Wheat and Safflower prices of 150 rupees per quintal each.
- a quintal price rise of 115 rupees for Barley.
- a 105 rupee rise per quintal for Grams.
The Union Budget 2018–19, which sought to set MSP at a level of at least 1.5 times the production cost, is in line with these MSP hikes for Rabi Crops.
CCEA Rabi MSP Rates Benefit
In accordance with the Union Budget 2018–19 statement that the MSP must be fixed at a level of at least 1.5 times the All-India weighted average Cost of Production, the MSP for required Rabi Crops for Marketing Season 2024–2025 has been increased.
The anticipated excess above the weighted average cost of production for all of India is 102% for wheat, 98% for rapeseed and mustard, 89% for lentils, 60% for gram, 60% for barley, and 52% for safflower. This higher MSP for rabi crops will guarantee farmers fair pricing and encourage crop diversification.
Why did the government raise rabi crop msp?
The Government wants to enhance food security by encouraging rabi crops like oilseeds, pulses, and shree anna/millets which are basic food and nassacity of living. The revised price will help farmers to get the genuine rates from the market and their income will boost.
The MSP is the minimum prices to sell the crops in the market thus any merchant or dealer can not take the advantage of the farmer condition and can not compel them to buy at low rates. The goal is to support farmers in oilseed and pulse cultivation by offering financial assistance and high-quality seeds.
Govt Price Policy for Crop
In addition to the Price Policy, the government has launched a number of programs, including the National Food Security Mission (NFSM), the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), and the National Mission on Oilseeds and Oil Palm (NMOOP). The government has also introduced the Kisan Rin Portal (KRP), KCC Ghar Abhiyaan, and Weather Information Network Data Systems (WINDS) to empower farmers in making timely decisions regarding their crops.
It is an effort to extend the benefits of the Kisan Credit Card (KCC) Scheme to every farmer across the country. These programs seek to improve the lives of farmers around the country, transform agriculture, increase financial inclusion, and maximize data utilization.
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