The government initiative aimed at ensuring a minimum support price (MSP) for farmers:

Krishi Kalyan Cess
Pradhan Mantri Fasal Bima Yojana
PM Kisan Samman Nidhi
Price Support Scheme

The correct answer is: D) Price Support Scheme

A price support scheme is a government policy that aims to ensure a minimum price for agricultural products. This is done by the government buying up any surplus produce at the minimum price, which helps to stabilize prices and protect farmers from losses.

The other options are:

  • Krishi Kalyan Cess: A cess is a type of tax that is levied on a specific product or activity. The Krishi Kalyan Cess is a cess that is levied on all imports of agricultural products. The revenue from this cess is used to fund various agricultural schemes and programs.
  • Pradhan Mantri Fasal Bima Yojana: A crop insurance scheme that provides financial assistance to farmers in the event of crop failure due to natural calamities.
  • PM Kisan Samman Nidhi: A direct income support scheme for farmers. Under this scheme, farmers are provided with an annual cash transfer of ₹6,000.

These schemes are all important initiatives that support the agricultural sector in India. However, only the Price Support Scheme is aimed at ensuring a minimum support price for farmers.

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