Economy, asked by Duryodhan1404, 11 months ago

Short note on Menimum support price in economic

Answers

Answered by yuvisindhwani74930
0

MSP is price fixed by Government of India to protect the farmers against excessive fall in price during bumper production years. The minimum support prices are a guarantee price for their produce from the Government

Answered by presentmoment
0

Minimum Support Price:

  • It means to the cost at which the government secures food cereals (wheat and rice) through FCI from the cultivators in states where there is excess in production.
  • The cultivators are paid a pre-declared cost for their crops. The MSP (minimum support price) is announced by the governance each and every year prior to the dissipate season.
  • The buying grain forms the type of the buffer stock and is keeping in FCI granaries.

Learn more about Minimum Support Price:

What do you mean by minimum support price

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Why does the government announce minimum support price, remunerative and procurement prices for important crops ?

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