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Government fixes MSP for paddy for Kharif Marketing Season 2024-25

07 Dec 2024 Evaluate

The government has fixed Minimum Support Price (MSP) for Paddy (Common) and Paddy (Grade-A) for Kharif Marketing Season (KMS) 2024-25 at Rs 2300 per quintal and Rs 2320 per quintal respectively. During KMS 2024-25, MSP amount paid to the farmers for Paddy procurement (upto December 01, 2024) is Rs 65,695 crore.

In October this year, Cabinet Committee on Economic Affairs (CCEA) had approved the increase in the MSP for all mandated Rabi Crops for Marketing Season 2025-26. The MSP for wheat has been raised by Rs 150 per quintal, moving from Rs 2,275 per quintal to Rs 2,425 per quintal for 2025-26. The absolute highest increase in MSP has been announced for Rapeseed & Mustard at Rs 300 per quintal to Rs 5950 per quintal for 2025-26. 

MSP is the minimum price set by the government for certain agricultural products, at which the products would directly be bought from the farmers if the open market prices are less than the cost incurred. MSP is a form of government intervention to insure the farmers against a steep decline in the prices of their goods and to help them prevent losses.


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