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Economy
Komal gupta

01/12/21 14:05 PM IST

Source: PIB

MSP for Rabi Crops for 2022-23

In News

Government has recently announced Minimum Support Prices (MSP) for 6 mandated rabi crops viz. wheat, barley, gram, masur (lentil), rapeseed & mustard and safflower.

Background

  • The NITI Aayog (erstwhile Planning Commission) has conducted a study entitled “Efficacy of minimum support prices on farmers”, 2016.
  • The study has found that MSP declared by the Government has encouraged 78 % of the farmers covered under the study for adopting improved methods of farming such as high yielding varieties of seeds, organic manure, chemical fertilizer, pesticides and improved methods of harvesting etc.

Minimum Support Price (MSP) for Rabi Marketing Season 2022-23                                                                      

Sl. No.

COMMODITY

MSP (₹/quintal)

1

WHEAT

2015

2

BARLEY

1635

3

GRAM

5230

4

MASUR (LENTIL)

5500

5

RAPESEED & MUSTARD

5050

6

SAFFLOWER

5441

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