Minimum Support Price (MSP) is a key step by the government to support farmers in India. Every year, the government fixes a minimum price at which it buys crops from farmers. This protects farmers from selling their crops at very low prices and helps them earn a fair income.
In this article, you will learn what MSP 2024-25 means, its purpose, benefits, important crops covered, eligibility, and how it supports farmers across India. If you want full details about MSP, keep reading.
Minimum Support Price 2024: Ensuring Fair Crop Prices for Farmers
MSP is the least price that the government promises to pay farmers for their crops. The government cannot buy crops at a price lower than MSP. Currently, the central government offers MSP for 23 different crops. These include 7 cereals (paddy, wheat, maize, bajra, jowar, ragi, and barley), 5 pulses (chana, tur, urad, moong, and masoor), 7 oilseeds (rapeseed-mustard, groundnut, soybean, sunflower, sesame, kusum, niger seed), and 4 commercial crops (cotton, sugarcane, copra, and raw jute). You can check your name in the Kisan Samman Nidhi list here.
MSP helps both farmers and consumers by fixing a fair price. The prices are declared every year based on recommendations by the Commission for Agricultural Costs and Prices (CACP). The central and state governments take these recommendations to decide the MSP for various crops.
Update from Uttar Pradesh: Paddy Buying Policy Approved for 2024-25
On 12th September, the Uttar Pradesh cabinet approved the purchase policy for paddy under the Minimum Support Price scheme for the Kharif marketing year 2024-25. The government plans to buy 70 lakh tons of paddy through six agencies and 4,000 purchasing centers. Farmers will receive payment within 48 hours via the government’s PFMS portal.
Before selling paddy, farmers must register online. Purchases will be made using biometric confirmation with electronic POS machines. Farmer Producer Organizations (FPOs) and Farmer Producer Companies (FPCs) affiliated with mandi councils can also buy paddy under this policy.
You can also register for e-NAM to explore more opportunities for crop sale.
MSP Covers 25 Major Agricultural Crops
This scheme ensures farmers get at least 50% profit over the cost of production. If farmers get better prices than MSP from private buyers, they are free to sell to them.
Started in 1966, MSP is announced annually for 25 main crops — including 14 Kharif crops and 7 Rabi crops. In 2024-25, around 2.04 crore farmers benefited from MSP. This program helps empower farmers and improve their living standards by giving a fair price for their crops.
Details of Minimum Support Price Scheme
| Scheme Name | Minimum Support Price (MSP) |
| Started By | Central Government of India |
| Beneficiaries | Farmers across India |
| Purpose | To ensure fair crop prices for farmers |
| Official Website | Click Here |
| Year | 2024 |
Main Purpose of Minimum Support Price
MSP aims to make sure farmers get a fair price for their crops by setting a minimum price. The government fixes MSP for about 25 crops every year; no one can buy those crops below this price. This scheme protects farmers from low prices, strengthens their financial status, and helps improve their living conditions. Also, consumers benefit by getting crops at reasonable prices.
MSP is announced considering the advice of the Commission for Agricultural Costs and Prices (CACP) each year and is implemented by the central and state governments.
For more benefits and programs, visit the Integrated Farmer Portal.
Crops Covered Under Minimum Support Price
- Cereals: Paddy, Wheat, Maize, Bajra, Jowar, Ragi, Barley
- Pulses: Chana, Tur (Arhar), Urad, Moong, Masoor
- Oilseeds: Rapeseed-Mustard, Groundnut, Soybean, Sunflower, Sesame, Kusum, Niger Seed
- Commercial Crops: Cotton, Sugarcane, Copra, Raw Jute
Benefits and Features of MSP
- MSP sets the minimum price the government pays for crops, helping farmers avoid losses.
- Currently, MSP is fixed for 23 main crops covering cereals, pulses, oilseeds, and commercial crops.
- It ensures affordable prices for consumers and fair income for farmers.
- Government announces MSP based on agricultural cost recommendations of CACP every year.
- MSP guarantees at least 50% profit above production costs for farmers.
- Farmers can sell crops to private buyers if they receive better prices than MSP.
- Initiated in 1966, MSP plays a vital role in supporting Indian farmers.
- Every year, MSP helps millions of farmers become stronger and self-reliant.
You can also check out the Kisan Credit Card Scheme for financial support in farming.
MSP for Rabi Season 2024-25
| Crop | MSP for Rabi 2024-25 (INR/quintal) | MSP for Rabi 2024 (INR/quintal) | Production Cost (2024) | MSP Increase | Return on Investment (%) |
| Wheat | 1975 | 2015 | 1008 | 40 | 100 |
| Barley | 1600 | 1635 | 1019 | 35 | 60 |
| Chana | 5100 | 5230 | 3004 | 130 | 74 |
| Masoor Dal | 5100 | 5500 | 3079 | 400 | 79 |
| Canola and Mustard | 4650 | 5050 | 2523 | 400 | 100 |
| Sunflower Seeds | 5327 | 5441 | 3627 | 114 | 50 |
MSP Rates Provided by Government (Selected Years)
| Crop | Variety | 2010-11 | 2014-15 | 2019-20 | 2024-25 |
| Paddy (Common) | – | 1000 | 1360 | 1815 | 1940 |
| Wheat | – | 1120 | 1450 | 1925 | 2015 |
| Jowar | Hybrid | 880 | 1530 | 2550 | 2738 |
| Bajra | – | 880 | 1250 | 2000 | 2250 |
| Chana | – | 2100 | 3175 | 4875 | 5230 |
| Masoor | – | 2250 | 3075 | 5100 | 5500 |
| Rapeseed & Mustard | – | 1850 | 3100 | 4650 | 5050 |
| Cotton (Medium Staple) | – | 2500 | 3750 | 5255 | 5726 |
| Sunflower | – | 1800 | 3050 | 5650 | 6015 |
How to Login to Minimum Support Price Portal
- First, visit the official Minimum Support Price website: Click here
- Click on the ‘Login’ option on the website
- Enter your state, user ID, and password on the login page
- Click on ‘Login’ to access the MSP services
Important Links
- Official MSP Website: Click Here
- Helpline Number: Please visit the official website for contact details
Contact Details for Minimum Support Price Scheme
Department of Food and Public Distribution
Ministry of Consumer Affairs, Food and Public Distribution
Krishi Bhavan, New Delhi – 110001