what is the difference between the minimum support price and the issue price and the fair price
Answers
Answer:Msp is the minimum support price that the government promises for any agricultural crop whereas issue price is the price at which government issue the same agricultural crop. 2. issue price is for food grains whereas msp is for 25 crops which include both food grains and non flood grains
Explanation:
Explanation:
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.Fair Price Shops (i) The food procured by the FCI is distributed through government regulated ration shops among the poorer sections of the society. ... (iii) Ration shops are also known as fair price shops. (iv)These fair price shops keep stocks of foodgrains, sugar and kerosene oil.