Cotton MSP Funding 2026

Cabinet Approves Rs 1,718 Crore MSP Funding for Cotton Corporation of India to Support 60 Lakh Farmers

Cabinet Approves Rs 1,718 Crore MSP Funding for Cotton Corporation of India to Support 60 Lakh Farmers

New Delhi (Gurpreet Singh)— In a significant move to bolster India’s agricultural sector, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved a minimum support price (MSP) funding of ₹1,718.56 crore for the Cotton Corporation of India (CCI) for the 2023-24 cotton season. This decision is aimed at providing direct price support to cotton farmers across the country, ensuring the stability of a crop that sustains the livelihoods of approximately 60 lakh farmers and supports up to 500 lakh people involved in allied industries such as processing, trade, and textiles. The funding ensures that…
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