top of page
Anchor 1

Cabinet hikes MSP for 2022-23

  • What: India’s cabinet on June 8 approved a hike in minimum support prices for 17 crops for the 2022-23 kharif marketing season, Anurag Singh Thakur, the Union minister for information stated.

  • Statement: The approved rates are in line with the principle of fixing the MSPs at a level of at least 1.5 times of the all India weighted average cost of production, an official said.

Source: Moneycontrol