Initiatives to Receive Remunerative Prices

  • This issue has two aspects, one relating to the Minimum Support Price (MSP) and the other relating to the farmer’s share in the price paid by the final consumer.
  • MSP for 22 Crops: Government hiked the MSP of 22 crops to a minimum of 50% over cost. It fulfills the commitment to the farmers to provide 50 per cent return over cost of production for the first time for all mandated crops.

Basic Input

MSP

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