Cabinet likely to take up Rabi MSP hike, ₹54,000 crore Green Energy Corridor-III, Ujjwala subsidy extension

The Union Cabinet and the Cabinet Committee on Economic Affairs (CCEA) are likely to take up several key proposals at their meeting scheduled for 11 am today, including a hike in the Minimum Support Price (MSP) of six Rabi crops, sources told Business Today.

The CCEA is likely to approve an increase in the MSP of wheat, barley, gram, masur, rapeseed-mustard and safflower for the Rabi Marketing Season (RMS) 2027-28.

The government announces MSPs ahead of the sowing season to provide price support to farmers.

For RMS 2026-27, the MSP was fixed at Rs 2,585 per quintal for wheat, Rs 2,150 for barley, Rs 5,875 for gram, Rs 7,000 for masur and Rs 6,200 for rapeseed-mustard. The MSP for safflower was fixed at Rs 6,540 per quintal.

Another key proposal likely to come up is the Green Energy Corridor-III. The Cabinet is expected to consider the next phase of the programme, with an estimated outlay of around Rs 54,000 crore for FY27-FY33, sources said.

The Cabinet is also likely to consider extending the targeted LPG cylinder subsidy for beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) for the current financial year.

The subsidy is aimed at providing relief to economically vulnerable households and encouraging continued use of LPG as a cleaner cooking fuel. Under the scheme, eligible Ujjwala beneficiaries receive a targeted subsidy on LPG refills, helping reduce the effective cost of cooking gas for these households.