The Cabinet Committee on Economic Affairs, CCEA gave ex-post facto approval for engaging the Maharashtra State Co-operative Cotton Growers Marketing Federation Ltd to undertake Minimum Support Price (MSP) operations during the cotton season 2014-15. The Federation will procure cotton from farmers in Maharashtra, in addition to Cotton Corporation of India. The CCEA further approved additional fiscal allocation under Non-Plan Grant to meet anticipated losses to Cotton Corporation and the Federation on sale of cotton procured under the MSP operations during the season. The decision will help in price support operations of 110 lakh bales. This operation is primarily aimed at safeguarding the interest of the farmers and avoiding any distress sale. MSP for cotton was fixed at 3750 rupees for medium staple and 4050 rupees for long staple for 2014-15.