Cabinet likely to consider hike in MSP of Rabi crops including wheat and others
The Union Cabinet and CCEA are likely to consider higher MSPs for six Rabi crops for Marketing Season 2027-28, including wheat, barley, gram, masur, rapeseed-mustard and safflower. Other proposals include ₹54,000 crore Green Energy Corridor-III and continuation of PM Ujjwala subsidy support.
Today Union Cabinet and Cabinet Committee on Economic Affairs (CCEA) likely to take up a number of key proposals, including an increase in the Minimum Support Price (MSP) of six Rabi crops, sources said. Sources said meeting scheduled at 11am today.
CCEA is likely approve an increase in the MSP of six Rabi crops — wheat, barley, gram, masur, rapeseed-mustard and safflower. The MSP revision will be for the Rabi Marketing Season 2027-28.
The government announces MSPs ahead of the sowing season to provide price support to farmers.
For the previous Rabi Marketing Season 2026-27, the MSP was fixed at Rs 2,585 per quintal for wheat, Rs 2,150 for barley, Rs 5,875 for gram, Rs 7,000 for masur, Rs 6,200 for rapeseed-mustard and Rs 6,540 for safflower.
Another important proposal could be Green Energy Corridor-III. Cabinet is also likely to consider the Green Energy Corridor-III, with an approximate outlay of Rs 54,000 crore for the period FY27-FY33, sources said.
The scheme is aimed at strengthening transmission infrastructure for large-scale integration and evacuation of renewable energy into the grid.
The government is already implementing GEC-I and GEC-II in 10 states for evacuation of renewable power. According to the Power Ministry, these two phases are aimed at evacuating around 44 GW of renewable energy, while GEC-III is under consideration for further large-scale renewable energy integration.
The broader transmission plan envisages integration of more than 500 GW of renewable energy capacity by 2030, requiring significant expansion of transmission lines, substations and grid infrastructure.
The Cabinet is also likely to consider continuation of the PM Ujjwala scheme/subsidy support in FY27, sources said. The government had approved a targeted subsidy of Rs 300 per 14.2-kg LPG cylinder for Ujjwala beneficiaries, with support capped at the prescribed number of refills.
For FY2025-26, the allocation for the targeted subsidy was Rs 12,000 crore. As of July 2025, there were around 10.33 crore PMUY connections. More recently, the government has continued to provide targeted support to Ujjwala consumers to keep LPG affordable.
Sources said the final decisions on the proposals will be known after the Cabinet and CCEA meetings.
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Source : Moneycontrol
