Minimum Support Prices (MSP) for Kharif Crops for Marketing Season 2023-24 – The Cabinet Committee on Economic Affairs (CCEA) approved the increase in the Minimum Support Prices (MSP) for all mandated Kharif Crops for Marketing Season 2023-24. The Cabinet was headed by Prime Minister Shri Narendra Modi.
MSP of Kharif Crops for Marketing Season 2023-24 by the Indian govt will ensure remunerative prices to the growers for their produce and encourage crop diversification, as provided in the table below:
Minimum Support Prices for Kharif Marketing Season (KMS) 2023-24
| Crops | MSP 2014-15 | MSP 2022-23 | MSP 2023-24 | Cost* KMS 2023-24 | Increase in MSP over 2022-23 | Margin over cost in per cent |
| Paddy -Common | 1360 | 2040 | 2183 | 1455 | 143 | 50 |
| Paddy-Grade A^ | 1400 | 2060 | 2203 | – | 143 | – |
| Jowar-Hybrid | 1530 | 2970 | 3180 | 2120 | 210 | 50 |
| Jowar- Maldandi^ | 1550 | 2990 | 3225 | – | 235 | – |
| Bajra | 1250 | 2350 | 2500 | 1371 | 150 | 82 |
| Ragi | 1550 | 3578 | 3846 | 2564 | 268 | 50 |
| Maize | 1310 | 1962 | 2090 | 1394 | 128 | 50 |
| Tur /Arhar | 4350 | 6600 | 7000 | 4444 | 400 | 58 |
| Moong | 4600 | 7755 | 8558 | 5705 | 803 | 50 |
| Urad | 4350 | 6600 | 6950 | 4592 | 350 | 51 |
| Groundnut | 4000 | 5850 | 6377 | 4251 | 527 | 50 |
| Sunflower Seed | 3750 | 6400 | 6760 | 4505 | 360 | 50 |
| Soybean (Yellow) | 2560 | 4300 | 4600 | 3029 | 300 | 52 |
| Sesamum | 4600 | 7830 | 8635 | 5755 | 805 | 50 |
| Nigerseed | 3600 | 7287 | 7734 | 5156 | 447 | 50 |
| Cotton (Medium Staple) | 3750 | 6080 | 6620 | 4411 | 540 | 50 |
| Cotton (Long Staple) ^ | 4050 | 6380 | 7020 | – | 640 | – |