MSP Full Form

MSP Full Form Is Minimum Support Price. And Minimum Support Price(MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in agricultural prices.
Minimum Support Price is the price below which the farmer’s crop cannot buy in the government market.
MSP is very important for the farmers as it ensures that in any case, the farmer will get a price higher than the cost price of his crop. The Commission for Agricultural Costs and Prices (CACP), an agency of the Government of India, sets the minimum support price for that crop every year so that farmers can get the right price for their crop.

MSP का फुल फॉर्म होता है मिनिमम सपोर्ट प्राइस। और न्यूनतम समर्थन मूल्य (MSP) कृषि उत्पादकों को कृषि कीमतों में किसी भी तेज गिरावट के खिलाफ बीमा करने के लिए भारत सरकार द्वारा बाजार में हस्तक्षेप का एक रूप है।
न्यूनतम समर्थन मूल्य वह मूल्य है जिससे कम कीमत पर सरकारी बाजार में किसान की फसल नहीं खरीदी जा सकती है।
एमएसपी किसानों के लिए बहुत महत्वपूर्ण है क्योंकि यह सुनिश्चित करता है कि किसी भी स्थिति में किसान को उसकी फसल के लागत मूल्य से अधिक कीमत मिले। भारत सरकार की एक एजेंसी, कृषि लागत और मूल्य आयोग (CACP) हर साल उस फसल के लिए न्यूनतम समर्थन मूल्य निर्धारित करता है ताकि किसानों को उनकी फसल का सही मूल्य मिल सके।

Benefits of MSP

The biggest advantage of MSP is that it guarantees farmers that they will get a fair price for their crops.
Another advantage of MSP is that it is fixed every year and many factors related to agriculture are taken into account while making the decision.
Due to MSP, when the farmer is able to sell his crop in the government market, then the entire money of the crop reaches his bank account directly, thereby saving the farmer from middlemen and other corruption.
If the country grows a large quantity of a crop in a year, the MSP, in that case, guarantees to the farmer that whatever the price of that crop in the market, he should get the Minimum Support Price (MSP).

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History of MSP

The Minimum Support Price is a benchmark below which the market prices cannot fall. The Indian government announced two types of administered prices until the mid-1970s:

  • Minimum Support Price (MSP)
  • purchase price
  • The MSP served as the benchmark prices, which were fixed by the government in the nature of a long-term guarantee for the investment decisions of producers—assuring that the prices of their commodities would not allow to fall below certain levels set by the government. will given, even in the case of bumper crops.

In general, the purchase prices for crops were lower than the open market price and higher than the MSP. This policy of declared prices continued till 1973-74 with some changes for the commodity of paddy.
However, in the case of wheat, it was discontinued in 1969 and then revive for only one year in 1974-75.
Therefore With increasing demands for MSP, the present price system evolved in 1975-76 in which only one set of prices was declared for the purchase of paddy and other Kharif crops and wheat for buffer stock operations.

How is MSP prepare?

Many things related to crops and farmers were kept in mind while preparing MSP.

Some key points are-

  • physical effort
  • animal labor or machine labor
  • Land Revenue
  • interest on fixed capital
  • other prices

Purpose of MSP

The main objective of Minimum Support Price is to save the farmers from the exploitation of middlemen and to provide them a good price for their produce. If due to bumper crop production or its excess in the market its price falls below the declared price; then the crops of the farmers buy the government at the minimum support price, this does not fluctuate in the income of the farmers. So And they get their fixed income. The main objective of Minimum Support Price is to provide a fixed income to the farmers according to their hard work so that they can easily maintain themselves and work harder on the next crops.

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FAQ’S On MSP Full Form

Who gives the MSP to the farmers?

As of now, the central government, on the recommendation of the Commission for Agricultural Costs and Prices (CACP); announces MSP for 23 crops – paddy, wheat, maize, sorghum, Bajra, barley, ragi, gram, tur, moong, gram. , gram, gram, gram; wheat, maize, Jowar, and rice. Urad, lentils, groundnut, rapeseed-mustard, soybean, sesame, sunflower, safflower, niger seed, copra,

Who started MSP in India?

The concept was first introduced in 1966 with the Green Revolution. Although it is not legally mandated to do so, the government currently announces MSPs for 25 major agricultural commodities every year; which includes 14 crops of Kharif season and 7 crops of Rabi season.

इस अवधारणा को पहली बार 1966 में हरित क्रांति के साथ पेश किया गया था। हालांकि ऐसा करना कानूनी रूप से अनिवार्य नहीं है; सरकार वर्तमान में हर साल 25 प्रमुख कृषि वस्तुओं के लिए एमएसपी की घोषणा करती है; जिसमें खरीफ सीजन की 14 फसलें और रबी सीजन की 7 फसलें शामिल हैं।

What is MSP Example?

Two examples of MSP offerings are technical support fix services and subscription services. MSP Technical Support Fix services focus on remotely fixing or sending technicians to the place of business to resolve any issues.

एमएसपी पेशकशों के दो उदाहरण तकनीकी सहायता फिक्स सेवाएं और सदस्यता सेवाएं हैं। एमएसपी तकनीकी सहायता फिक्स सेवाएं किसी भी मुद्दे को हल करने के लिए दूर से फिक्सिंग या तकनीशियनों को व्यवसाय के स्थान पर भेजने पर ध्यान केंद्रित करती हैं।

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What is MSP in Agriculture Bill?

The farmers’ unions have said that the strike continues till this demand is not met. MSP is the minimum price at which the government procures from farmers and calculates the average cost of production. Therefore the government has announced MSP for 23 crops annually in recent years.

किसान संघों ने कहा है कि जब तक यह मांग पूरी नहीं होती तब तक हड़ताल जारी रहेगी। एमएसपी वह न्यूनतम मूल्य है जिस पर सरकार किसानों से खरीद करती है और इसकी गणना उत्पादन की औसत लागत पर की जाती है। सरकार ने हाल के वर्षों में सालाना 23 फसलों के लिए एमएसपी की घोषणा की है।

Why is MSP in news?

MSPs acted as minimum prices and fixing by the government in the nature of a long-term guarantee for the investment decisions of producers; So with the assurance that the prices of their commodities would not allow falling below the level set by the government. Therefore This has resulted in a bumper crop. In the case of.

एमएसपी न्यूनतम कीमतों के रूप में काम करते थे और सरकार द्वारा उत्पादकों के निवेश निर्णयों के लिए दीर्घकालिक गारंटी की प्रकृति में तय किए गए थे| इस आश्वासन के साथ कि उनकी वस्तुओं की कीमतों को सरकार द्वारा निर्धारित स्तर से नीचे गिरने की अनुमति नहीं दी जाएगी। जिससे बंपर फसल हुई है। के मामले में।

Why is MSP important?

“This (MSP) is important as all farmers assuring of at least minimum price for their produce;” So the United Kisan Morcha (SKM) recently said in its open letter to the PM. As the name suggests; MSP is the minimum price that a farmer must pay for his food grains as guaranteed by the government.