What is the Minimum Support Price (MSP)?
The Minimum Support Price (MSP) is a form of agricultural price support policy implemented by the government in India. It is the price at which the government purchases crops from the farmers, guaranteeing them a minimum price for their produce. The MSP is announced by the government for certain crops at the beginning of each sowing season. The objective of MSP is to protect farmers from any sharp fall in prices and to ensure that they get a fair price for their crops, thereby providing them with some level of income security. https://bharatjodonyayyatra.com/nyay-diaries/explainer-on-msp-as-a-legal-guarantee/
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