Cabinet Approves Support Prices for 324 MT of Rabi Crops
What Happened
The Union Cabinet approved the Minimum Support Prices (MSPs) for Rabi crops for the 2027-28 marketing season (RMS 2027-28). The decision involves an estimated expenditure of ₹90,862 crore and is expected to cover procurement of around 324 million tonnes (MT) of Rabi produce from farmers.
Key Takeaways
The MSP decision aims to ensure remunerative prices for farmers, provide income support, and encourage production of key Rabi crops while maintaining food security and procurement operations.