ECONOMY & INFRASTRUCTURE
MSP
Government Increases Sugarcane FRP to ₹365 per Quintal for 2026-27 Season
The CCEA has approved a Fair and Remunerative Price (FRP) of ₹365 per quintal for sugarcane for the 2026-27 marketing season.
This marks a 2.81% hike from the previous season's price of ₹355 per quintal, based on a basic recovery rate of 10.25%.
The new rates will be applicable from October 1, 2026, benefiting millions of sugarcane farmers across the country.
Significance: FRP is the minimum price that sugar mills are legally required to pay to farmers, ensuring income stability in the sugar industry.
This marks a 2.81% hike from the previous season's price of ₹355 per quintal, based on a basic recovery rate of 10.25%.
The new rates will be applicable from October 1, 2026, benefiting millions of sugarcane farmers across the country.
Significance: FRP is the minimum price that sugar mills are legally required to pay to farmers, ensuring income stability in the sugar industry.
Key Facts / Static GK
FRP: Fair and Remunerative Price
CCEA: Cabinet Committee on Economic Affairs
CCEA Chairperson: Prime Minister of India
Implementing Date: 1 October 2026
CCEA: Cabinet Committee on Economic Affairs
CCEA Chairperson: Prime Minister of India
Implementing Date: 1 October 2026
Practice Quiz — 11 May 2026
Q1. Regarding the Jan Suraksha schemes, which of the following statements is/are correct as of May 2026?
Answer: (B) The Pradhan Mantri Suraksha Bima Yojana (PMSBY) has recorded the highest enrolments among the three. — Statement B is correct as PMSBY has 58.09 crore enrolments. Statement A is incorrect (launched in 2015). Statement C is incorrect (APY entry age is 18-40). Statement D is incorrect (PMJJBY coverage is ₹2 lakh).
Q2. Where will the new GaN-based semiconductor fabrication facility by Crystal Matrix Ltd be located?
Answer: (C) Dholera, Gujarat — Crystal Matrix Ltd will set up its GaN (Gallium Nitride) based semiconductor fabrication facility in Dholera, Gujarat.
Q3. What is the new Fair and Remunerative Price (FRP) for sugarcane approved for the 2026-27 season?
Answer: (D) ₹365 per quintal — The CCEA has approved a new FRP of ₹365 per quintal for the 2026-27 season, up from ₹355.
Q4. Which of the following represents the '5F' vision under the newly launched Mission for Cotton Productivity?
Answer: (A) Farm, Fibre, Factory, Fashion, Foreign — The 5F vision stands for Farm → Fibre → Factory → Fashion → Foreign.
Q5. What is the maximum credit guarantee percentage provided to MSMEs under the ECLGS 5.0 scheme?
Answer: (E) 100% — Under ECLGS 5.0, MSMEs are eligible for a 100% credit guarantee, while non-MSMEs and airlines receive a 90% guarantee.
Keep Learning with PrepZen
Get daily current affairs, live mock tests, mistake bank, vocab builder & more — all free on your phone.