Stories
Cabinet Approves ‘2.8 Lakh Crore’ Decisions for Farmers, Renewable Energy, and Smart Traffic.
- •Cabinet approved MSP for Rabi marketing season 2027-28, with a provision of 90962 crore rupees.
- •MSP for wheat set at 2610 rupees per quintal, and for barley at 2286 rupees per quintal.
- •Green Energy Corridor Phase-III approved to strengthen intra-state transmission for up to 135 GW of renewable energy.
- •The scheme includes the installation of 50 GWh Battery Energy Storage Systems (BESS).
- •Total cost of the scheme is 1,86,405 crore rupees, with government providing 54,082 crore rupees in central financial assistance.
Key Questions Answered
The cabinet approved the minimum support price for six crops for the Rabi marketing season 2027-28. The MSP per quintal is set at 2,610 rupees for wheat, 2,286 rupees for barley, 5,958 rupees for gram, 7,390 rupees for lentil, 6,613 rupees for rapeseed, and 7,215 rupees for safflower.
The Green Energy Corridor Phase-III scheme has a total cost of 1,86,405 crore rupees, which includes 1,36,378 crore rupees for the transmission system and 50,000 crore rupees for Battery Energy Storage Systems. The government will provide central financial assistance of 54,082 crore rupees to help control electricity costs for consumers.
The scheme aims to strengthen intra-state transmission systems to evacuate up to 135 GW of renewable energy and install 50 GWh of Battery Energy Storage Systems to meet peak electricity demand and reduce grid stress. It targets completion by FY2032-33 to support the broader goal of reaching 900 GW non-fossil energy capacity by 2035.
