Question
Download Solution PDFThe Minimum Support Price (MSP) for which of the following Rabi crops was increased by ₹50 per quintal over the previous year, in the marketing season 2021-22?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Wheat.
- The Minimum Support Price (MSP) for Wheat crops was increased by ₹50 per quintal over the previous year, in the marketing season 2021-22.
- The highest absolute increase in MSP over the previous year has been recommended for sesamum (Rs. 452 per quintal) followed by tur and urad (Rs. 300 per quintal each).
- In case of groundnut and nigerseed, there has been an increase of Rs 275 per quintal and Rs 235 per quintal respectively in comparison to last year.
Additional Information
- MSP is a “minimum price” for any crop that the government considers as remunerative for farmers and hence deserving of “support”.
- It is also the price that government agencies pay whenever they procure a particular crop.
- MSP for 2022-23
- The highest absolute increase in MSP over the previous year has been recommended for Lentil (Masur) and Rapeseed & Mustard (Rs.400 per quintal each) followed by gram (Rs.130 per quintal).
- In the case of safflower, there has been an increase of Rs.114 per quintal, in comparison to last year.
Last updated on Jul 12, 2025
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