New Delhi, Dec 20 (PTI) The government on Friday announced an increase in the minimum support price (MSP) for copra by up to Rs 420 to Rs 12,100 per quintal for 2025 with a budget outlay of Rs 855 crore.

A decision in this regard was taken by the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.

Also Read | Most-Bought Equity SIPs on Angel One in 2024: From HDFC Small Cap to Motilal Oswal Midcap and Aditya Birla Sun Life PSU Equity Fund, Check List Here.

The MSP for 'milling copra' has been increased by Rs 420 to Rs 11,582 per quintal, while for 'ball copra' by Rs 100 to Rs 12,100 per quintal for 2025, Information and Broadcasting Minister Ashwini Vaishnaw told reporters.

The total financial implication would be Rs 855 crore.

Also Read | Mahakumbh Mela 2025: Hundreds of Organisations To Host 'Bhandara' Also Known As Free Community Kitchens During Month-Long Religious Festivities.

Cooperative agencies Nafed and NCCF will be the central nodal agencies for the procurement of copra, he added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)