Question

what is minimum support price ​

Answer 1

$\mathfrak{\huge{\pink{hello}}}$

Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices.

Answer 2

hi dear....

THE MINIMUM SUPPORT PRICE is an agricultural product price set by the government of India to purchase directly from the farmer. This rate is to safeguard the farmer to a minimum profit for the harvest, if the open market has lesser price than the cost incurred.

hope it helps....