Cabinet approves proposal to raise minimum support price for kharif crops
The Union Cabinet has today approved the Minimum Support Price (MSP) for Kharif crops, just ahead of the 2019 general elections. The move is to help the distressed farmers.
The additional bill for the Centre with the increased MSP is likely to be around Rs 33,500 crore. The added cost of MSP is 0.2 percent of GDP, according to the cabinet note.