Farmers' Protest: Punjab CM Bhagwant Mann Demands MSP Guarantee for Pulses Purchase | Oneindia News
Punjab Chief Minister Bhagwant Mann emphasizes the need for a Minimum Support Price (MSP) guarantee on the purchase of pulses. In a..
The minimum support price (MSP) is an advisory price signal that is part of a larger set of agricultural policies in parts of India. This informal "support" price is recommended 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.
Punjab Chief Minister Bhagwant Mann emphasizes the need for a Minimum Support Price (MSP) guarantee on the purchase of pulses. In a..
In the midst of the persistent standoff between protesting farmers and security forces along the Punjab-Haryana border, a trio of..