Question

Kishore is a small farmer practicing agriculture one 1 acre of land in sultanpur village. How do ypu think the following reforms have helped in improving his lot:-
a) minimum support price ​

Answer 1

Answer:

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Answer 2

Grameen banks, minimum support price and crop insurance to give the support to kishore's farming.

Explanation:

• Grameen banks: It give a small loan to the poor people for starting the farming practices.
• It is a community development bank.
• The loan amount is a microcredit or grameen credit.
• The first grameen bank was started in bangladesh.
• It is the grassroot institution.
• Minimum support price: On the recommendation CACP (Commission for Agricultural Costs and Prices ) the government announces the MSP for 22 mandated crops.
• It is the pre announced price of purchases food grains from the farmer by a government.
• Before the starting of growing season the MSP is declared by the government.
• Crop insurance: Insurance available to farmers against loss or damage to growing crops as a result of natural hazards (as hail, drought, flood, insects).

To Learn More...

1.Q3 Kishora is a small farmer practicing agriculture on 1 acre of land in Sultanpur village. How do you

think the following reforms have helped in improving his lot -

(a) Grameen Banks

(b) Minimum Support Price

(c) Crop Insurance.​

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