The Indian government has approved new Minimum Support Prices (MSPs) for six Rabi crops, with estimated payouts of ₹90,962 crore to farmers. The revised MSPs are based on projected costs and margins, with significant increases for crops like gram and lentil. The new rates will directly impact farmers growing wheat, barley, gram, lentil, rapeseed-mustard, and safflower for the 2027-28 marketing season.
Source: businesstoday.in
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