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Centre increases MSP for paddy, other crops amid farmers protest The minimum support price for paddy was increased to Rs 1,940 per quintal for the 2021-’22 crop year. Kashmiri farmers harvest paddy crops on the outskirts of Srinagar. | Sanna Irshad Mattoo/Reuters The central government on Wednesday raised the minimum support price for paddy to Rs 1,940 per quintal for the 2021-’22 crop year. The increase is under 4% when compared to last year’s price of Rs 1,868. The MSP is the rate at which the government buys farm produce and is based on a calculation of at least one and a half times the cost of production incurred by farmers. Market rates for many crops are usually well below MSPs.

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