NEW DELHI: In a major decision aimed at supporting farmers ahead of Diwali, the Central Government has approved a hike in the Minimum Support Price (MSP) for major rabi crops. This move was confirmed after a cabinet meeting held on Wednesday, with Union Minister Ashwini Vaishnaw announcing the decision.

The MSP increase is intended to provide financial relief to farmers, particularly as they prepare for the upcoming rabi season. By ensuring better income for farmers through higher crop prices, the government aims to bolster agricultural productivity and stabilize farmers’ earnings during this critical period.

This increase in MSP is seen as a timely move to alleviate the financial pressures that many farmers face, especially considering the rising input costs in farming. With this decision, farmers can expect better returns for their crops, which could help in addressing their financial concerns and contribute to the overall growth of the agricultural sector.

The MSP hike covers key rabi crops such as wheat, barley, gram, lentils, and mustard. These crops are crucial for India’s food security and play a significant role in the country’s agricultural output. By raising the MSP, the government aims to encourage more production of these essential crops, ensuring food availability in the future.

The announcement comes as a welcome pre-Diwali relief for the farming community, who are preparing for the rabi sowing season. This timely intervention by the government is expected to boost the morale of farmers and provide much-needed financial security in the months ahead.

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