Difference between MSP and Issue price . I need 3 points please help its urgent
Answers
1. Msp is the minimum support price that the government promises for any agricultural crop whereas issue price is the price at which government issue the same agricultural crop.
2. issue price is for food grains whereas msp is for 25 crops which include both food grains and non flood grains.
3. Msp is the price announced by the government before the harvest of any crop whereas issue price is the price at which crops are actually obtained .
Answer:Issue price the at which food grains are distributed in the deficit areas and among the poorer strata of the society. It is lower than the market price.
Issue price the at which food grains are distributed in the deficit areas and among the poorer strata of the society. It is lower than the market price.The farmers are paid a pre-announced price for their crops called the minimum support price(MSP). The MSPis declared by the government every year before the sowing season to provide incentives to the farmer for raising the production of these crops.