India, Oct. 29 -- Minimum Support Price (MSP) serves as an important mechanism for providing price assurance to farmers and supporting informed decisions on agricultural planning and investment. On 30 September 2026, the Government approved increased MSPs for all mandated Rabi crops for the Rabi Marketing Season (RMS) 2027-28, with an estimated Rs.90,962 crore to be paid to farmers for 324 lakh metric tonnes (MT) of produce. The expanding scale of MSP support is reflected in procurement trends and payments over the years. Procurement of six Rabi crops increased from 2,302 lakh metric tonnes (LMT) during 2004-05 to 2013-14 to 3,921 LMT during 2014-15 to 2025-26. Correspondingly, MSP payments rose from Rs.2.65 lakh crore to Rs.8.36 lakh cro...