The Union Cabinet has approved an increase in Minimum Support Prices (MSP) for 14 Kharif Crops for Marketing Season 2026-27. Addressing the media after the Union Cabinet meeting, Information and Broadcasting Minister Ashwini Vaishnaw said the government has increased the MSP of Kharif Crops to ensure remunerative prices to the growers for their produce. He said, for the Kharif season, the estimated payout to the farmers will be two lakh 60 thousand crore rupees. He said an estimated over 824 lakh metric tonnes of crops will be procured in the season. Mr Vaishnaw said the highest increase of 622 rupees per quintal in MSP has been recommended for Sunflower Seed, followed by 557 per quintal for Cotton and 500 rupees per quintal for Sesamum. He said, for Grade A Paddy, the MSP will be 2 thousand 461 rupees per qunital, for Jowar Hybrid it will be 4 thousand and 23 rupees per quintal, for Bajra the MSP will be 2 thousand 900 rupees and for Tur, it will be 8 thousand 450 rupees per quintal..
The Cabinet also approved a Scheme for Promotion of New Surface Coal/Lignite Gasification projects for production of syngas and downstream products with an outlay of 37,500 crore rupees. He informed that Coal gasification converts coal/lignite into ‘synthesis gas’ (syngas), which is then used for generating electricity, producing chemicals, fertilisers, etc. He stated that this scheme will diversify feedstock sources and reduce import dependence.
The Cabinet also approved India’s first semi-high-speed rail corridor (134 km) on broad gauge using indigenous technology under Namo Bharat Train operations with an outlay of 20,667 crore rupees. The Minister said that it will connect Dholera SIR with Ahmedabad (Sabarmati), Dholera Airport and Lothal NHMC.
