Question

Lot of agriculture produced is spoiled during rainy season due to lack of storage facilities in village. Government decided to construct warehouses so that the goods can be stored. What values is the government trying to achieve. Explain. ​

Answer 1

Answer:

MSP is a form of market intervention by the Govt. of India to insure agricultural producers against any sharp fall in farm prices. MSP is price fixed by GoI to protect the producer – farmers – against excessive fall in price during bumper production years.