Question

Write notes on MSP. ​

Answer 1

Hi there!

Your Answer :-

MSP :-

♧ It's Full form is Minimum Support Price.

♧ It is a price at which government purchases crops from the farmers.

♧ It helps the farmers by giving money to them.

♧ It also ensures the production of required food grains in the country.

Thanks!

Answer 2

a. Minimum support price

Wheat and rice is brought from the farmers at the pre announced price by the Food corporation of India. Such price is called as MSP

Buffer stock

It is a stock of food grains obtained through the Food corporation of India mainly wheat and rice by the government. The main objective of buffer stock is to distribute food grains in poor family society

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