Download the BYJU'S Exam Prep App for free IAS preparation videos & tests - Download the BYJU'S Exam Prep App for free IAS preparation videos & tests -

Why does the government announce minimum support price?

Minimum Support Price (MSP) is the minimum price set by the government for certain agricultural products. It is a form of government intervention to insure the farmers against a steep decline in the prices of their goods and to help them prevent losses.

Further Reading:

Related Links
Pradhan Mantri Krishi Sinchayee Yojana Agricultural Revolutions in India
National Bamboo Mission (NBM) Topic-Wise GS 3 Questions for UPSC Mains
UPSC Age Limit IAS Exam

 

Comments

Leave a Comment

Your Mobile number and Email id will not be published.

*

*