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Hike in MSP
June 13 , 2021
1146 days
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- The Central government has hiked the minimum support price (MSP) for common paddy, pulses, oilseeds and coarse cereals.
- The decision was taken by the Cabinet Committee on Economic Affairs.
Note
- The Union Budget for 2018-19 had announced that MSP would be kept at levels of 1.5 the cost of production.
- The MSP is fixed twice a year on the recommendations of the Commission for Agricultural Costs and Prices (CACP).
- CACP is a statutory body and submits separate reports recommending prices for kharif and rabi seasons.
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