What do you mean by Minimum Support Price (MSP)? How will MSP rescue the farmers from the low-income trap?
Points to Remember: Definition and calculation of Minimum Support Price (MSP). Mechanisms through which MSP aims to alleviate farmer distress. Limitations and challenges associated with the MSP system. Suggestions for improving the effectiveness of MSP. Introduction: Minimum Support Price (MSP) is a crucial agricultural policy intervention implemented by the Government of India to ensure a … Read more