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________ is an assurance to the farmers that their produce would be purchased by the government at pre-fixed price. (Fill in the blank with correct alternative)
CACP
MSP
NABARD
PDS
- MSP: Minimum Support Price
- It assures farmers that their produce will be purchased by the government at a pre-determined price.
- Acts as a safety net for farmers to prevent exploitation by middlemen.
- CACP: Commission for Agricultural Costs and Prices
- A body that recommends the level of MSP to the government.
- It takes into account various factors including cost of production and market trends.
- NABARD: National Bank for Agriculture and Rural Development
- Focuses on providing financial support for rural development.
- It is not directly related to purchasing produce from farmers.
- PDS: Public Distribution System
- A government program to distribute food grains at subsidized rates to the poor.
- It is more about distribution rather than purchasing produce at a fixed price.
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