What is Minimum Support Price (MSP)?
MSP is a form of market intervention by Center to insure agricultural producers against any sharp fall in farm prices (especially in bumper production years).
They are announced at the beginning of the sowing season for certain crops on the basis of the recommendations of Commission for Agricultural Costs and Prices (CACP).
The major objectives are to support the farmers from dist
The policies of Government of India and decision taken in recent years towards farmers’ welfare have resulted insignificant improvement of food grain production and sustained agriculture growth despite COVID-19 pandemic.
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) on 8th September 2021 for all designated Rabi crops for Rabi Marketing Season (RMS) 2022-23, wh