MSP (Minimum Support Price) | Indian Economy for UPSC Prelims & Mains 2022-2023 | BYJU'S IAS
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MSP (Minimum Support Price) | Indian Economy for UPSC Prelims & Mains 2022-2023 | BYJU'S IAS
To take part in the Free Target Mains 2022 Program, download the App and register now! https://gradeup.onelink.me/KreX/p2w8ylba For more details on Target Mains 2022 visit: https://byjusexamprep.com/mains-2022-revision-program-i In this online session, learn about Minimum Support Price, an important topic in Indian Economy for UPSC Prelims ...
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1.2K views · 36 reactions | MSP stands for Minimum Support Price. It is the minimum rate at which farmers sell their crops to the government. This price prevents farmers from market fluctuation and offers stability and income security. Established in 1965, the CACP or Commission for Agricultural Costs and Prices, recommends the MSP based on various factors. The Cabinet Committee on Economic Affairs, headed by the Prime Minister, takes the final call on the MSP. | The Hindu | Facebook
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