MSP increased for all Rabi crops for 2022-23
Cabinet Committee on Economic Affairs (CCEA) approved an increase in Minimum Support Prices (MSP) for all the mandated Rabi crops on September 8, 2021.
MSP was increased for the Rabi Marketing Season (RMS) 2022-23 with the aim of realigning MSPs in favour of pulses, oilseeds, and coarse cereals. The Differential remuneration aims to encourage crop diversification.
This move will encourage farmers to shift to larger area under these crops and adopt best technologies & farm practices in order to correct the demand-supply imbalance.
With this step, government seeks to ensure remunerative prices for the growers for farmer’s produce.
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