Msp Full Form

MSP full form

MSP stands for Minimum Support Price. It is the price at which the government purchases crops from farmers. The MSP is announced by the government every year before the sowing season begins. The MSP is set to ensure that farmers get a fair price for their crops and are not exploited by middlemen.

The MSP is calculated based on various factors such as the cost of production, market prices, and demand for the crop. The government takes into account the input costs such as seeds, fertilizers, labor, and other expenses incurred by farmers while calculating the MSP.

The MSP is an important policy tool used by the government to support farmers and ensure food security in the country. It helps farmers get a fair price for their crops and encourages them to produce more.

The MSP is applicable to 23 crops including paddy, wheat, maize, cotton, sugarcane, etc. The government announces MSP for these crops every year before the sowing season begins.

The MSP has been a contentious issue in recent years with farmers demanding that it be made a legal right. They have also demanded that the MSP be fixed at 50% above the cost of production.

The government has been trying to address these concerns by increasing the MSP every year and introducing various schemes to support farmers. However, there is still a long way to go in ensuring that farmers get a fair price for their crops.

Here are some websites that discuss Msp Full Form:
- https://fullform.website/agriculture/msp/
- https://fullforms.com/MSP
- https://testbook.com/full-form/msp-full-form

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