MSP Increased for 14 Kharif Crops Including Paddy, Millet, and Ragi

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The Union Cabinet raised MSPs for 14 Kharif crops, boosting farmers' incomes and encouraging crop cultivation despite higher costs.

Key Highlights

Union Cabinet increases MSP for 14 Kharif crops.
Significant rises: Rs 444 for finger millet, Rs 550 for pigeon pea.
Increases range from Rs 117 to Rs 632.
Aims to support farmer’s incomes and crop cultivation.
Additional government cost: Rs 2 lakh crore.

On Wednesday, June 19, 2024, the Union Cabinet announced an increase in the minimum support price (MSP) for the Kharif crop season 2024-2025. This decision, made during a cabinet meeting chaired by Prime Minister Narendra Modi, brings good news for farmers across the country.

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Significant Increase in MSP for Various Crops

The minimum support price of several Kharif crops has been increased by more than Rs 400. Here are some of the notable increases:

Finger Millet: Increase of Rs 444
Pigeon Pea: Increase of Rs 550
Sesame: Increase of Rs 632
Sunflower: Increase of Rs 520
Black Gram: Increase of Rs 450
Groundnut: Increase of Rs 406

Detailed MSP Increases for Other Crops

Apart from the above, there have been significant increases in the MSP for other important crops. Here are the details:

Paddy (Common): Increase of Rs 117
Paddy (Grade): Increase of Rs 117
Jowar (Common): Increase of Rs 196
Jowar (Hybrid): Increase of Rs 191
Millet: Increase of Rs 125
Moong: Increase of Rs 124
Maize: Increase of Rs 135
Soybean: Increase of Rs 292
Ragi: Increase of Rs 444
Arhar: Increase of Rs 550
Urad: Increase of Rs 450
Peanut: Increase of Rs 406
Sunflower: Increase of Rs 520
Sesame: Increase of Rs 632

Comparison of MSP: 2024-25 vs 2023-24

Here is a comparison of the new MSP for 2024-25 with the MSP of the previous year for all 14 crops:

Crop	MSP 2023-24	MSP 2024-25	Increase
Paddy (Common)	Rs 2183	Rs 2300	Rs 117
Paddy (Grade)	Rs 2203	Rs 2320	Rs 117
Jowar (Normal)	Rs 3225	Rs 3421	Rs 196
Jowar (Hybrid)	Rs 3180	Rs 3371	Rs 191
Millet	Rs 2500	Rs 2625	Rs 125
Green Gram	Rs 8558	Rs 8682	Rs 124
Maize	Rs 2090	Rs 2225	Rs 135
Soybean	Rs 4600	Rs 4892	Rs 292
Ragi	Rs 3846	Rs 4290	Rs 444
Pigeon Pea	Rs 7000	Rs 7550	Rs 550
Urad	Rs 6950	Rs 7400	Rs 450
Peanut	Rs 6377	Rs 6783	Rs 406
Sunflower	Rs 6760	Rs 7280	Rs 520
Sesame	Rs 8635	Rs 9267	Rs 632

Long-Term Comparison of MSP: 2013-14 vs 2024-25

To provide more context, here is a comparison of MSP from 2013-14 to 2024-25:

Crop	MSP 2013-14	MSP 2024-25
Paddy (Common)	Rs 1,310	Rs 2,300
Paddy (Grade)	Rs 1,345	Rs 2,320
Jowar (Normal)	Rs 1,520	Rs 3,421
Jowar (Hybrid)	Rs 1,500	Rs 3,371
Millet	Rs 1,250	Rs 2,625
Maize	Rs 1,310	Rs 2,225
Ragi	Rs 1,500	Rs 4,290
Arhar	Rs 4,300	Rs 7,550
Sunflower	Rs 3,700	Rs 7,280

Impact on the Government

The increase in MSP will put an additional burden of Rs 2 lakh crore on the central government. However, this step has been taken in the interest of farmers. With the new minimum support prices, it will be more beneficial for farmers to cultivate Kharif crops.

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CMV360 Says

The Union Cabinet's decision to increase the MSP for 14 Kharif crops, including paddy, millet, and ragi, is a significant boost for farmers. With increases ranging from Rs 117 to Rs 632, this move aims to support agriculture or agricultural incomes and encourage the cultivation of Kharif crops. Despite the additional financial burden on the government, this step is seen as a positive measure to benefit the farming community.