PIB Backgrounder
Minimum Support Price for Rabi: Marketing Season 2027-28
PrelimsMainsGS3EconomyGovernment SchemesAgriculture
Source-grounded summary
The Government approved increased Minimum Support Prices (MSPs) for all mandated Rabi crops for the Rabi Marketing Season 2027-28, with an estimated ₹90,962 crore to be paid for 324 lakh metric tonnes of produce. The MSPs are determined based on recommendations from the Commission for Agricultural Costs and Prices, incorporating factors such as the cost of production and ensuring a minimum margin of 50 percent over it. The procurement mechanism involves agencies like FCI, NAFED, and NCCF, supported by digital platforms such as e-Samriddhi and e-Samyukti, alongside mandatory biometric authentication under the Price Support Scheme of PM-AASHA.