Modi Cabinet Approves Major Agricultural Support Package Worth ₹2.79 Lakh Crore

The Union Cabinet on Wednesday approved three major policy decisions, with a focus on extending agricultural assistance to farmers across the country. The announcement comes as part of a broader economic package valued at ₹2.79 lakh crore, reflecting the government's commitment to agricultural support ahead of the upcoming rabi season.

Among the key decisions, the Cabinet granted approval for enhanced minimum support prices (MSP) for six rabi crops during the 2027-28 season. This increase represents a continued effort to ensure remunerative pricing for farmers and provide stability in agricultural income during the winter crop cycle.

The three-pronged policy approval reflects the government's approach to addressing multiple economic priorities simultaneously. Officials indicated that the measures were designed to benefit farmers while maintaining broader fiscal objectives.

The MSP announcement is expected to provide relief to farming communities across major rabi-growing regions, particularly for crops that form the backbone of India's winter agricultural output. The government has positioned the measure as part of its ongoing effort to improve farmer welfare and encourage sustainable agricultural practices.