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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.
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.
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.
Feb 7, 2024 · Details Document; Statistics- Latest Minimum Support Price (MSP) Statement - Minimum Support Price (MSP) as on 19-06-2024: Download File (English) 506 KB Download File (Hindi) 488 KB
Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices.
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.
Sep 6, 2023 · How Does Minimum Support Price (MSP) Benefit Farmers? Income Security: MSP guarantees farmers a minimum price for their crops, ensuring a stable income and protecting them from market price fluctuations.
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.
