In a key decision, the Union Cabinet has approved an increase in Minimum Support Prices (MSP) for 14 Kharif Crops for Marketing Season 2026-27. The cabinet meeting was held on Wednesday morning under Prime Minister Narender Modi.
Addressing the media after the Union Cabinet meeting, Information and Broadcasting Minister Ashwini Vaishnaw said the government has increased the MSP of Kharif Crops to ensure remunerative prices to the growers for their produce. He said, for the Kharif season, the estimated payout to the farmers will be two lakh 60 thousand crore rupees. He said an estimated over 824 lakh metric tonnes of crops will be procured in the season.
Vaishnaw said the highest increase of 622 rupees per quintal in MSP has been recommended for Sunflower Seed, followed by 557 per quintal for Cotton and 500 rupees per quintal for Sesamum. He said, for Grade A Paddy, the MSP will be 2 thousand 461 rupees per qunital, for Jowar Hybrid it will be 4 thousand and 23 rupees per quintal, for Bajra the MSP will be 2 thousand 900 rupees and for Tur, it will be 8 thousand 450 rupees per quintal.
The Cabinet has also approved a Scheme for Promotion of Surface Coal and Lignite Gasification Projects with a financial outlay of 37 thousand 500 crore rupees. Addressing media, Union Minister for Information and Broadcasting Ashwini Vaishanw said, the Scheme marks a major step towards accelerating India’s coal and lignite gasification programme.
He said, the scheme aims to incentivize new surface coal and lignite gasification projects for production of syngas and its downstream products, targeting gasification of approximately 75 Million Tonnes of coal and lignite. Vaishnaw said that the expected investment will be of three lakh crore rupees under the scheme.He further said that financial incentive will be provided at a maximum of 20 percent of the cost of Plant and Machinery and selection will be made through a transparent and competitive bidding process, with an evaluation framework benchmarking project cost, coal input, and syngas output.
The Cabinet also approved India’s first semi-high-speed rail corridor (134 km) on broad gauge using indigenous technology under Namo Bharat Train operations with an outlay of 20,667 crore rupees. The Minister said that it will connect Dholera SIR with Ahmedabad (Sabarmati), Dholera Airport and Lothal NHMC.
The Cabinet also approved the upgradation and modernisation of Nagpur International Airport under PPP mode.This marks a major milestone in Nagpur airport’s journey to becoming a regional aviation hub under the Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) project.
In the significant accompanying reform, the Government has also extended coal linkage tenure up to 30 years under the “Production of Syngas leading to Coal Gasification” sub-sector in the Non-Regulated Sector (NRS) linkage auction framework, providing long-term policy certainty for investment in coal gasification projects.
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