Govt hikes wheat MSP by ₹150 per quintal to ₹2,275/quintal for 2024-25: I&B minister
The Hindu
Currently, the MSP on wheat stands at ₹2,125 per quintal for the 2023-24 marketing season (April-March).
Ahead of assembly polls in key wheat growing states, the government on Wednesday announced an increase in the minimum support price (MSP) of wheat by ₹150 to ₹2,275 per quintal for the 2024-25 marketing season.
This is the highest increase by the Narendra Modi-led government since it came to power in 2014.
Also read: Explained | Will a hike in MSP help farmers?
A decision in this regard was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Modi.
Currently, the MSP on wheat stands at ₹2,125 per quintal for the 2023-24 marketing season (April-March).
Briefing media, I&B minister Anurag Thakur said the CCEA has approved the increase in the MSP for all mandated rabi crops for 2024-25 marketing season.
"Based on the CACP recommendation, we have increased the MSP of six rabi crops. Wheat MSP has been increased by ₹150 per quintal," he said.