Govt approves increase in Minimum Support Price for all Rabi Crops for Marketing Season 2023-24

New Delhi: The Union Cabinet on Tuesday approved an increase in the Minimum Support Price (MSP) for all Rabi Crops for the Marketing Season 2023-24.

The highest increase has been cleared for lentils with a hike of 500 rupees per quintal. The MSP on wheat has been hiked by 110 rupees and barley by 100 rupees.  Briefing media after the Union Cabinet meeting in New Delhi, Information and  Broadcasting Minister, Anurag Singh Thakur said that the increase is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of a minimum of 1.5 times of the All-India weighted average Cost of Production.