Minimum Support Price (MSP)

• Minimum Support Price is a central government scheme for the benefit of farmers. Under this scheme, the central government announces the minimum support prices of various food grains. In order to enable the farmers to get the benefit of the MSP, the government procures the paddy/coarse grains of fair average quality (FAQ) from the farmers. Food Corporation of India works as the “Nodal Agency” of the Central Government in the State of Maharashtra.
• The scheme is implemented by the State Government on behalf of the Food Corporation of India through two state agencies namely The Maharashtra State Co-operative Marketing Federation, Mumbai (in non-tribal areas) and The Maharashtra State Co-operative Tribal Development Corporation, Nashik (in tribal areas).
• NEML (agency) does the registration of the paddy/coarse grains producing farmers and the entire procurement system is online. The district Supply system is responsible for the overall control of the process. The funds for capital expenditure required for this scheme is met from the Personal Ledger Account (PLA) of the department and the reimbursement is received from the Central Government after submitting the final accounts to them.
• The Central Govt. has declared the Minimum Support Price for the season 2023-24. Accordingly The Department has declared the minimum support price, the procurement process, guidelines, terms and conditions and the related matters vide the GR dated 24.11.2023.

Beneficiary:

Farmers who are registered under minimum support price scheme.

Benefits:

The amount declared by Government of India for the respective marketing season is directly transferred into beneficiary's (farmer's) account.