Question

What are the disadvantages of minimum support price(MSP)?

Answer 1

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✔Ans = India is a nation where farming comprises one of the major sources of income. Growing up one is always taught that the farmer is the main contributor of the economy. Then why is it that this contributor is in desperate need of help from the government. If one watches the daily news, one fails to understand that, if the promises made by every government before the elections depict a really true promise or is it a mere attempt to tap into a specific vote bank of the farmers. It is said that the current chief minister of the heavily drought struck state Telangana, Mr. K Chandrashekhar Rao has requested various banks to waive of loans of farmers but some people consider it a mere attempt to collect votes of farmers in the wake of elections. 

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i hope help u jiii ❤❤❤❤

Answer 2

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A high minimum support price means the Govt will take your money and pay it to the agriculturist to procure his produce.
Then it is upto the govt how it sells it?
If it sells it cheap, you are spared.
If it sells it with no margin or with added margin then you have to pay your hard earned money for the stuff again.
High Core Inflation
but the benefits are that the rural hinterland will get very rich and will demand goods needed for a better standard of living. This will create more urban employment opportunities.

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