The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on 13 May 2026 approved the increase in Minimum Support Prices (MSP) for fourteen kharif crops for the 2026-27 marketing season to ensure remunerative returns to growers and to encourage crop diversification across rainfed regions of India. The Ministry of Agriculture and Farmers Welfare announced that the MSP for common paddy has been raised by Rs 72 to Rs 2,441 per quintal, while Grade A paddy has been fixed at Rs 2,461 per quintal for the upcoming sowing season. The highest absolute increase was awarded to sunflower seed with a hike of Rs 622 to Rs 8,343 per quintal, followed by cotton at Rs 557, nigerseed at Rs 515 and sesamum at Rs 500 per quintal. The MSP exercise is based on the recommendations of the Commission for Agricultural Costs and Prices and follows the Union Budget 2018-19 commitment of fixing MSP at a level of at least 1.5 times the all-India weighted average cost of production. According to the official briefing, the cost-plus margin works out to nearly 50 per cent for paddy, around 53 per cent for ragi, 59 per cent for bajra and 77 per cent for maize. The decision is expected to benefit nearly 14 crore farming families ahead of the southwest monsoon and supports the Government push toward oilseed and pulses self-reliance under the National Mission on Edible Oils and the Atmanirbhar Bharat agriculture vision. The Cabinet on the same day also cleared a Rs 37,500 crore incentive scheme for coal gasification.