Govt may hike Minimum Support Price of paddy by â¹200/quintal
The government is expected to raise the Minimum Support Price (MSP) for paddy by â¹200 to â¹1,750 per quintal, reports said. To boost farmers' incomes, the government in Budget 2018 said it would fix a support price at least 1.5 times the production cost. Among the major kharif crops, the maximum hike in MSP is likely to be for ragi.