Social Sciences, asked by guntursivaprasad2012, 11 months ago

What is msp? Why is msp needed

Answers

Answered by RIHANx110

Answer:

MSP- MINIMUM SUPPORT PRICE.

Explanation:

ITS NEED: -->it is the price at which the government buys the crops or plants from farmers. ... -->it lets the farmers to have a benefit in selling their crops to government. -->thus , it also ensures that adequate food grains are produced in the country.

Answered by prachi42076

Explanation:

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

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