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What is the purpose of minimum support price offered to the crops in India?

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What is the purpose of minimum support price offered to the crops in India?
posted Sep 6, 2017 by anonymous

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Minimum Support Price is the price at which government purchases crops from the farmers, whatever may be the price for the crops. Minimum Support Price is an important part of India’s agricultural price policy.

The MSP helps to incentivize the framers and thus ensures adequate food grains production in the country. I gives sufficient remuneration to the farmers, provides food grains supply to buffer stocks and supports the food security programme through PDS and other programmes.

answer Sep 12, 2017 by Prajwal C.m.
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