When did
MSP start in India?
1966-67
Those
were the times when India faced acute food
shortages. When the Green Revolution started in
the 1960s, India was actively looking to shore
up its food reserves and prevent shortages. The
MSP system finally started in 1966-67 for wheat
and was expanded further to include other
essential food crops.29
ਸਤੰ
2020
Msp is
the minimum support price that the government
promises for any agricultural crop whereas issue
price is the price at which government issue the
same agricultural crop. 2.8
ਦਸੰ
2018
What is
the difference between procurement price and
minimum support price?
It is the
price at which govt purchases the crop after
harvesting, the main difference between
Procurement Price and MSP is that MSP is
declared before sowing while PP is declared
after harvesting.
How many
crops are under MSP in India?
twenty
two crops
Apart
from Sugarcane for which FRP is declared by the
Department of Food &Public Distribution, twenty
two crops covered under MSP are Paddy, Jowar,
Bajra, Maize, Ragi, Arhar, Moong, Urad,
Groundnut-in-shell, Soyabean, Sunflower,
Seasamum, Nigerseed, Cotton, Wheat, Barley,
Gram, Masur (lentil), Rapeseed/Mustardseed, ...
New
Delhi: The government on Monday hiked the
minimum support price of wheat by Rs 50 per
quintal to Rs 1,975 per quintal to encourage
farmers to increase cultivation of the crop.
The
decision was taken at a meeting of the Cabinet
Committee on Economic Affairs (CCEA) chaired by
Prime Minister Narendra Modi and was announced
by Agriculture Minister Narendra Singh Tomar in
Lok Sabha.