Last Updated on May 5, 2026 10:42 pm by BIZNAMA NEWS
AMN
The Government has taken a decisive step in farmers’ interest by providing Minimum Support Price (MSP) support worth more than 4,800 crore rupees to them. Union Agriculture and Farmers Welfare Minister Shivraj Singh Chouhan approved the procurement of over 9,000 metric tonnes of sunflower at the MSP in Karnataka for the Rabi crop season for this year. The Ministry of Agriculture and Farmers Welfare said that the total MSP value of this approval exceeds more than 69 crore rupees. It added that the decision is expected to ensure that sunflower farmers in Karnataka receive fair and remunerative prices for their produce.
The government has increased the maximum procurement limit of gram in Maharashtra for the Rabi 2025-26 season to 8 lakh metric tonnes. The total MSP value of this decision exceeds over 4,800 crore rupees. The government has also extended the procurement period for gram in Maharashtra by 30 days, allowing purchases to continue until 29th of May. This extension is expected to benefit farmers who were unable to sell their produce within the earlier deadline.
The Ministry said that these steps are aimed at strengthening the agricultural economy by ensuring price assurance and reducing vulnerability to market fluctuations. It added that the Government has maintained that ensuring remunerative prices for farmers remains a key priority. This move is expected to not only benefit farmers in Karnataka and Maharashtra directly but also contribute to a broader sense of trust and stability in the agricultural ecosystem.