send mail to email@example.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
Please verify your mobile number
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Refer & Earn
My Abhipedia Earning
Kindly Login to view your earning
Context: Farmers’ organisations continue to demand guaranteed minimum support prices (MSPs) before they withdraw their agitation, even after the government has announced a repeal of the three farm laws.
Status of MSP in India
What are the issues/challenges in a legally mandated MSP regime?
A legal mandate for MSP would force the government to purchase all the produce that any farmer wants to sell at the declared MSP. It would also have to procure from all states, and all crops for which MSPs are announced. This will have the following unintended outcomes:
What are the issues that are hampering the growth of agriculture in India?
Advantages of MSP
Disadvantages of MSP
Instead of bypassing the market by using MSPs, the government should make efforts to enable farmers to participate in the market.
By: Shubham Tiwari ProfileResourcesReport error
Access to prime resources