MSP procurement crosses 5,781 lakh tonnes in five years; farmers receive ₹14.58 lakh crore at support prices

New Delhi: The Government of India has procured 5,781 lakh tonnes of crops under the Minimum Support Price (MSP) mechanism during the last five years (2021-22 to 2025-26, up to June 2026), with farmers receiving ₹14.58 lakh crore as MSP payments during the period. Sharing the information in the Lok Sabha, Minister of State for Agriculture and Farmers Welfare Ramnath Thakur said the Government continues to fix MSPs for 22 mandated crops every year based on the recommendations of the Commission for Agricultural Costs and Prices (CACP), after considering the views of State Governments and concerned Ministries. The Minister said that since the 2018-19 Union Budget, MSPs have been fixed at a minimum of 1.5 times the all-India weighted average cost of production for all notified kharif, rabi and commercial crops. According to the Government, procurement of cereals and coarse cereals is undertaken by the Food Corporation of India (FCI) and designated State agencies, while pulses, oilseeds and copra are procured under the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) through the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and the National Cooperative Consumers' Federation of India Ltd (NCCF). Cotton and jute procurement at MSP is carried out...