MINIMUM SUPPORT PRICES (MSPS)FOR ALL CROPS

MINIMUM SUPPORT PRICES (MSPS)FOR ALL CROPS

Every year, Government fixes Minimum Support Prices (MSPs) for 22 mandated agricultural crops for the country as a whole, based on the recommendations of the Commission for Agricultural Costs & Prices (CACP), after considering the views of the State Governments and Central Ministries/Departments concerned. The Government has implemented digital payment system for MSP procurement.

Presently, no scheme for loan waiver is in operation in the Department of Agriculture & Farmers Welfare. However, farmers are provided significant support through other schemes such as MinimumSupportPrice (MSP), PM Kisan,PradhanMantriFasalBimaYojana, Modified Interest Subvention Scheme (MISS) and the Agriculture Infrastructure Fund (AIF) to address their financial vulnerability in a structured manner.

 

Procurement (In Lakh Metric Tonnes) (LMT)

MSP amount paid to famers

(In ₹ lakh Crores)

Number of farmers benefitted (In ₹ Crores)

 

1,175

 

3.33

 

1.84

 

 

 

 

                                                                                                            (In ₹ Crores)

S. No

Year

Disbursement of funds

1

2020-21

17,789.72

2

2021-22

21,476.93

3

2022-23

17,997.88

4

2023-24

14,251.92

5

2024-25

17,811.72

 

As on 30^th June 2025, Rs. 66,310 crore have been sanctioned for 1,13,419 projects under AIF. These sanctioned projects have mobilized an investment of Rs.107,502 Crore in the agriculture sector. Major projects sanctioned under AIF include 30,202 custom hiring centres, 22,827 processing units, 15,982 warehouses, 3,703 sorting & grading units, 2,454 cold store projects, around 38,251 other kinds of post-harvest management projects and viable farming assets.

This information was given by Minister of State for Agriculture and Farmers Welfare,Shri Ramnath Thakur in a written reply in Lok Sabha today.