The invention discloses a novel power supply system suitable for a medium-low-speed magnetic suspension train. The novel power supply system comprises a power supply system module, a traction inverterA, a traction inverter B, a traction motor A, a traction motor B and suspension control systems. The output positive end of the power supply system module is connected with the input positive ends ofthe traction inverter A, the traction inverter B, the suspension control system A, the suspension control system B, the suspension control system C and the suspension control system D. The output negative end of the power supply system module is connected with the input negative ends of the traction inverter A, the traction inverter B, the suspension control system A, the suspension control system B, the suspension control system C and the suspension control system D. The input ends of the traction motor A and the traction motor B are connected with the output ends of the traction inverter Aand the traction inverter B correspondingly. According to the novel power supply system suitable for the medium-low-speed magnetic suspension train, on the one hand, train operation and rescue can beachieved, the train operates under the situation that no third rail power supply system is arranged in a train section depot, and on the other hand, the whole train cost is lowered.