Cabinet has approved an increase in the MSP of Raw Jute for the 2025-26 season to Rs.5,650 per quintal.
List of Crops Covered Under Minimum Support Price (MSP):
MSP is declared for 22 crops, including various Kharif, Rabi, and other crops.
Kharif crops – Paddy, Jowar, Bajra, Ragi, Maize, Tur, Moong, Urad, Groundnut, Sunflower Seed, Soyabean, Sesamum, Niger seed, and Cotton.
Rabi crops – Wheat, Barley, Gram, Masur, Rapeseed & Mustard, and Safflower.
Other crops – Copra (Milling and Ball) and Jute.
Practice Question: Explain the concept of Minimum Support Price (MSP) in India. Discuss its objectives, significance, and the challenges in its implementation. (250 Words /15 marks)
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