Govt raises paddy MSP by ₹72 to ₹2,441/quintal for 2026-27 Kharif season
India has increased the minimum support price (MSP) for paddy by ₹72 per quintal for the 2026-27 kharif marketing season, raising rates to ₹2,441 for common varieties and ₹2,461 for A-grade paddy. The move is expected to strengthen farmer incomes, with estimated procurement reaching 824.41 lakh tonnes and payouts touching ₹2.60 lakh crore.
The government on Wednesday raised the minimum support price (MSP) for paddy by ₹72 to ₹2,441 per quintal for the 2026-27 kharif marketing season.
A decision in this regard was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.
The support price for common and A-grade varieties has been increased by ₹72 per quintal to ₹2,441 and ₹2,461 per quintal, respectively, for the 2026-27 kharif marketing season (September-October).
Information and Broadcasting Minister Ashwini Vaishnaw said the MSP is 50 per cent more than the cost of production.
“Estimated payout to farmers would be ₹2.60 lakh crore and annual procurement estimated at 824.41 lakh tonne,” he added
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Source : Business Standard
