The Union Cabinet on Wednesday hiked the minimum support price (MSP) for paddy by ₹100 per quintal for the 2022-23 Kharif season. The rates for 14 Kharif crops have been increased, the hikes ranging from 4% to 8%.
This is similar to the MSP hike given in 2021-22, which was in the range of 1% to 7%.
At a press briefing after a meeting of the Union Cabinet, Information and Broadcasting Minister Anurag Thakur said that Indian agriculture had scaled new heights in the last eight years because of the Modi government’s beej se bazar tak (seed to market) vision. “In today’s Cabinet meeting chaired by Prime Minister Narendra Modi, it has been decided that MSP rates for all varieties of 14 kharif crops have been increased.”
