The Union cabinet has approved increased MSP for Kharif crops for marketing season 2023-24.

The Union cabinet has approved increased MSP for Kharif crops for marketing season 2023-24. This move is to ensure remunerative prices to growers for their produce and to encourage crop diversification,’ said Union minister Piyush Goyal on Wednesday.

The cabinet approved ₹143 hike in paddy MSP to ₹2,183 per quintal for 2023-24 and the highest increase in moong MSP at ₹8,558 per quintal.

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