How does minimum support price help the farmers?
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In order to provide relief to farmers amid the nationwide lockdown, the central government increased the minimum support price (MSP) of 14 Kharif crops on June 2, 2020. Terming the decision as historic, the country’s agriculture minister said that this will greatly benefit the farmers of the country. Just a week later, thousands of maize farmers from Madhya Pradesh carried out a Satyagraha Andolan and took to fasting demanding an MSP for their produce. In October 2019, the government had increased the MSP of rabi crops as well.
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