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    <title>Cabinet approves MSP funding of Rs.1,718.56 crore to CCI for cotton seasons 2023-24 for direct support to cotton farmers</title>
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    <description>The Cabinet approved funding for the Minimum Support Price mechanism for the 2023-24 cotton season, allocating resources to the Cotton Corporation of India (CCI) to provide direct price support by procuring Fair Average Quality cotton without quantitative ceilings whenever market prices fall below MSP. CCI is designated the central nodal agency and will deploy its procurement network across 11 major cotton-growing States, supported by information dissemination, the Bale Identification and Traceability System (BITS) and the &quot;Cott-Ally&quot; mobile application to enhance transparency and outreach.</description>
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      <description>The Cabinet approved funding for the Minimum Support Price mechanism for the 2023-24 cotton season, allocating resources to the Cotton Corporation of India (CCI) to provide direct price support by procuring Fair Average Quality cotton without quantitative ceilings whenever market prices fall below MSP. CCI is designated the central nodal agency and will deploy its procurement network across 11 major cotton-growing States, supported by information dissemination, the Bale Identification and Traceability System (BITS) and the &quot;Cott-Ally&quot; mobile application to enhance transparency and outreach.</description>
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