Cabinet Committee on Economic Affairs (CCEA) approves Rs 1,718.56 crore MSP funding to Cotton Corporation of India (CCI).

Exam-focused facts from the 21 March 2026 current affairs briefing.

Key facts

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi approved Rs 1,718.56 crore to the Cotton Corporation of India (CCI) for cotton procurement operations during the cotton season 2023-24.
CCI is designated as the central nodal agency for undertaking Minimum Support Price (MSP) operations in cotton.
The funding enables direct price support to cotton farmers across India whenever market prices fall below MSP levels.
Cotton sustains the livelihoods of approximately 60 lakh farmers and supports 400-500 lakh people engaged in allied activities including processing, trade, and textiles.