How is minimum support price helpful for the farmer and also for ensuring food security in . India explain?
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Msp is helpful because from this farmers can get good quality food at very low price if they were giving 100rs they have to give only 30 or 40 rs
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In India, peasants are paid pre-announced value for their products. This value of their product is called the Minimum Support Price. Indian government declares the MSP every year before the sowing period to give incentives to the peasants for increasing the stock of these crops. Therefore, it is considered that the MSP plays an important role in the agricultural price policy of India. This MSP ensures the food security in India by motivating farmers to produce more as they will not be in a loss in future.
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