Minimum support price (India)
Instrument of agriculture price policy in India
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The minimum support price (MSP) is the minimum price for select crops raised in kharif and rabi seasons that the Government of India considers as remunerative for farmers and hence deserves support. This is different from procurement price and issue price. It is generally announced before the sowing/planting season. It is approved by the government and aims to safeguard the farmer to a minimum profit for the harvest while at the same time increasing food security in the country. MSP was initially an incentive for farmers to adopt technology with an aim of increasing the productivity of agricultural land in the 1960s, however in the 2000s it is seen as a market intervention and farmer income scheme. The effectiveness of such a price policy has varied widely between states and commodities. Awareness among farmers of the existence of an MSP is poor at 23%, while awareness of MSP procurement agencies is also poor with only about 20–25% of wheat and paddy produce being sold at MSP.
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Haryana polls: Cong announces 7 guarantees, including legal guarantee for MSP, caste surveyThe guarantees were launched in the presence of Congress president Mallikarjun Kharge, Haryana Congress chief Udai Bhan, former chief minister Bhupinder Singh HoodaDNA - Published | |
SKM to resume farmers' protest over MSP, loan waiverIndiaTimes - Published | |
Centre approves MSP for 14 kharif crops, farmers to get Rs 35000 crore morePM Modi released the 17th instalment amounting to more than Rs 20,000 crore to around 9.26 crore beneficiary farmers under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) through Direct Benefit..DNA - Published | |
Cabinet approves MSP for 14 Kharif cropsCabinet on Wednesday approved Minimum Support Prices (MSP) for Kharif crops for marketing season 2024-25. The highest absolute increase in MSP over the previous year has been recommended for oilseeds..IndiaTimes - Published | |
SC seeks, Centre, Punjab, Haryana's response on PIL for fixing MSP for alternative crops higher than paddyThe Supreme Court requested responses from the Centre, Punjab, and Haryana governments on a plea to establish the minimum support price (MSP), which includes periodic increases for alternative crops..IndiaTimes - Published | |
SP promises caste-based census, MSP guarantee, scrapping Agnipath in poll manifestoSamajwadi Party president Akhilesh Yadav on Wednesday unveiled the party's manifesto for the Lok Sabha elections, promising a caste-based census by 2025, a legal guarantee for MSP, and scrapping of the..IndiaTimes - Published | |
Farmers protest: Talks with Centre yield no breakthrough, farmers adamant on MSP demand, next meet on SundayUnion Ministers and the farmer leaders ended in a stalemate, with no common ground in sight, the next round of the talks will take place on Sunday.DNA - Published | |
Even as Rahul Gandhi promises MSP for all crops, Congress note of 2010 rejecting Swaminathan Commission surfacesCongress leader Rahul Gandhi, reacting to the ongoing farmer protest, asserted that the party, if voted to power, would give a legal guarantee of Minimum Support Price (MSP) to every farmer as per the..IndiaTimes - Published | |
Congress vows legal guarantee for MSP; Mallikarjun Kharge slams police action of farmersAmidst the ongoing farmers’ agitation in Delhi, Congress President Mallikarjun Kharge announced that the Congress party will bring the Minimum Support Price (MSP) under the purview of legal guarantee..IndiaTimes - Published | |
'Demands concern all farmers, we are in their support': Rakesh Tikait on 'Delhi Chalo' protestFarmer leader Rakesh Tikait on Tuesday said that demands for law on MSP, implementation of Swaminathan Committee report and debt waiver concern all farmers and they support farmers who have embarked on..IndiaTimes - Published | |
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Punjab: Farmers' 'rail roko' protest enters day 3, train movement remains hitFarmer groups are demanding compensation for crops damaged in the recent floods, a legal guarantee on MSP and a sweeping debt waiver.DNA - Published | |
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Government seeks five names of representatives from SKM to be on panel on MSPA day after repeal of the three farm laws in Parliament, the government on Tuesday informally reached out to protesting farmer unions seeking five names of their representatives for a proposed..IndiaTimes - Published | Rakesh Tikait demands law to guarantee MSP to farmersBharatiya Kisan Union leader Rakesh Tikait on Sunday demanded that the Centre bring a law to guarantee Minimum Support Price (MSP) for crops to protect the interest of farmers in the country. Tikait..IndiaTimes - Published |
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