Question

what is minimum support price ? PLEASE GIVE ME ANSWER

Answer 1

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. ... The minimum support prices are a guarantee price for their produce from the Government.

Answer 2

Minimum Support Price or MSP is an Agriculture 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. 
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