The Minimum Support Price MSP is declared by the government every year ........

Indian Economic System Others

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The Minimum Support Price (MSP) is declared by the government every year

Before the sowing season

Every week at all major mandis

At the end of every month

After the sowing season

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Explanation:

MSP is like a price signal to provide incentives to the farmers for raising the production of particular crops whose MSP has been set higher. MSP is decided by Cabinet Committee on Economic Affairs (CCEA). However, a buffer stock is created by the government to distribute food grains in the deficit areas and among the poorer strata of society at a price lower than the market price also known as Issue Price.