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The minimum support price (MSP) is the minimum price for select crops raised in kharif and rabi seasons that the Government of India considers as remunerative for farmers and hence deserves support. This is different from procurement price and issue price.
Jun 19, 2024 · Cabinet approves Minimum Support Prices (MSP) for Kharif Crops for Marketing Season 2024-25. The Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved the increase in the Minimum Support Prices (MSP) for all mandated Kharif Crops for Marketing Season 2024-25.
Jul 11, 2015 · Minimum Support Price is an important part of India’s agricultural price policy as its declaration before the sowing time assures farmers agriculrural income besides providing a clear price signal. The MSP helps to incentivize the framers and thus ensures adequate food grains production in the country.
Apr 24, 2023 · Minimum support Price (MSP) as on 18.10.2023: Download File (English) 979 KB Download File (Hindi) 955 KB: Minimum support Price (MSP) as on 05-07-2023: Download File (English) 1 MB Download File (Hindi) 1,015 KB: MSP for Kharif Crops for 2023-24 Marketing Season. Download File (English) 1 MB Download File (Hindi) 1,015 KB: Minimum support ...
Minimum Support Price (MSP) is the minimum price set by the government for certain agricultural products, at which the products would directly be bought from the farmers if the open market prices are less than the cost incurred. This is an important topic for the UPSC exam.
Feb 6, 2024 · The Government of India fixes Minimum Support Price (MSP) for 22 mandated agricultural crops on the basis of the recommendations of the Commission for Agricultural Costs & Prices (CACP), views of State Governments and Central Ministries/Departments concerned.
The minimum support prices are a guarantee price for their produce from the Government. The major objectives are to support the farmers from distress sales and to procure food grains for public distribution.
Jun 7, 2023 · The Cabinet Committee on Economic Affairs (CCEA) chaired by the Hon’ble Prime Minister Shri Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for all mandated Kharif Crops for Marketing Season 2023-24.
The MSP for Paddy has gone from Rs 1360 per quintal in 2014-15 to Rs 1940 per quintal in 2021-22, a 43% increase. The MSP for Wheat has gone from Rs 1450 per quintal in 2014-15 to Rs 2015 per quintal in 2021-22, a 39% increase.
Feb 24, 2022 · During each cropping season, the government announces minimum support prices for 23 crops. Simply put, the MSP for a crop is the price at which the government is supposed to procure/buy that crop from farmers if the market price falls below it.
