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The announced MSP of copra for the 2024 season is in line with the principle of fixing MSP at a level of at least 1.5 times the all-India weighted average cost of production as announced in the Budget 2018-19
The Union Cabinet, chaired by PM Modi's leadership, approved various decisions, including a Copra MSP increase and the construction of a new Ganga bridge in Bihar. The bridge, linking Digha and Sonepur, will connect north and south Bihar, facilitating inland water transport. The Copra MSP for 2024 sees a hike of Rs 250-300 per quintal. The Cabinet also sanctioned the widening of the Khowai-Harina road in Tripura