The Minimum Support Price (MSP) is a crucial component of India’s agricultural policy, aimed at providing economic assurance to farmers and promoting agricultural stability.
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Minimum Support Price
UPSC - Mains Solved Paper GS 3
What do you mean by Minimum Support Price (MSP)? How will MSP rescue the farmers from the low-income trap? (150 Words 10 Marks)
by Edukemy Team
Minimum Support Price (MSP) is a crucial agricultural policy tool designed to ensure a stable income for farmers by setting a floor price for their produce.