India. Cabinet approved the proposal to hike the minimum support price for rabi crops

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The Union Cabinet on Wednesday approved the proposal to hike the minimum support price (MSP) for rabi crops to one and a half times of the production cost as was promised in the Budget 2018. The MSP hike in rabi crop follows a similar hike approved for Kharif crops earlier.

The cabinet has approved wheat MSP at Rs 1,840 per 100 kg for the year 2018-19, ET Now quoting sources reported. The MSP has been increased according to the recommendations of farm advisory body CACP, news agency PTI reported.

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