Question

short note on minimum support price

Answer 1

Answer:

Minimum Support Price is the price at which government purchases crops from the farmers, whatever may be the price for the crops. Minimum Support Price is an important part of India's agricultural price policy. The MSP helps to incentivize the framers and thus ensures adequate food grains production in the country.

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Answer 2

Answer:

Minimum support price:-

Explanation:

the minimum support price MSP is declared by the government of India every year before the sowing season to provide incentives to the farmer for raising the production of crops wheat and rice

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