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The Hindu
The Hindu
National
Richard Kujur

Watch | What is Minimum Support Price?

But what is MSP?

MSP stands for Minimum Support Price. It is the minimum rate at which farmers sell their crops to the government. This price prevents farmers from market fluctuation and offers stability and income security.

Established in 1965, the CACP or Commission for Agricultural Costs and Prices, recommends the MSP based on various factors. The Cabinet Committee on Economic Affairs, headed by the Prime Minister, takes the final call on the MSP.

Watch the full video to know more.

Also Read: Why are farmers protesting again? | Explained

Script and Production: Richard Kujur

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