MSP (Minimum Support Price)

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MSP (Minimum Support Price)

About MSP :-

  • Market intervention as a result of which the GOI ensures protection against any sharp fall in farm prices.
  • Announced by the GOI at the beginning of the sowing season as a result of the recommendations of the Commission for Agricultural Costs and Prices (CACP).

Crops Covered Under MSP :-

  • Cereals (7) paddy, wheat, barley, jowar, bajra, maize and ragi
  • Pulses (5) – gram, arhar/tur, moong, urad and lentil
  • Oilseeds (8) – groundnut, rapeseed/mustard, toria, soyabean, sunflower seed, sesamum, safflower seed and nigerseed
  • Raw cotton
  • Raw jute
  • Copra
  • De-husked coconut
  • Sugarcane (Fair and remunerative price)
  • Virginia flu cured (VFC) tobacco

Approved by CCEA (Cabinet Committee on Economic Affairs, While FRP (Free and Remunerative Prices) is given for Sugarcane.

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