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MSP Full Form | What Is The Full Form Of MSP
MSP Full Form
The
full form of MSP is "Minimum Support Price".
What Is MSP?
Minimum
Support Price is given to the farmers by the Government of India for
their crops so that the farmers can sell their crops at the right price.
Let
us understand with an example if the production of a crop increases in a year
and the demand remains the same or the demand does not increase as much as the
crop has been produced, then what will happen to the crop price?
The
rate of the crop will come down, and then farmers will suffer more. Even their cost
will not be able to come out. That's why government brings the concept of
minimum support price so that the farmers can sell their crops at the right price.
What is the meaning of MSP?
"MSP" acts as a kind of Brahmastra for the farmers, no middleman trader can buy that
crop below the MSP price.
It
is a matter of great misfortune that only and only 6% of the people in India
can take advantage of MSP. It is prominent among the people of Punjab
and Haryana.
Who decides the MSP?
CACP
(Commission for Agriculture Cost and Price) prepares the MSP. It decides how
much MSP should be of any grain.
For
example, if there is wheat. How much should be the MSP? It should be ₹1900 per
quintal or ₹ 2000 per quintal or ₹ 2500 per quintal. All this is decided by the
CACP and given to the government and on its recommendation, the government MSP
applies.
Presently MSP is applicable on about 26 crops which include cereals, pulses, oilseeds, etc. The number of crops keeps on increasing or decreasing.
How MSP Is Calculated?
Many
demands are seen to prepare MSP such as manual labour, land revenue, animal
labour, land rent, interest on fixed capital, machine labour, etc. After looking
at so many things, CACP prepares MSP.
On the recommendation of this, the Government of India implements the MSP.
What Is The Problem In Preparing MSP?
There are many problems faced in the preparation of MSP such as
- Variation in cost
- Variation in soil quality
- Variety of water features
- Variation in Climate
- Diversity in labour
MSP FAQs
What Are The Benefits To Farmers From MSP?
Farmers can benefit a lot from MSP. If any reason there is a fall in the
prices of the produce crop, then they will go to the APMC mandi (Agricultural
Produce Market Committee) whichever is the MSP of that crop and sell their crop
in the APMC mandi.
The government will store crops within itself because the government also has to provide wheat to the people living below the poverty line. This eliminates the possibility of loss to the farmers.
Why Are Farmers Agitating Against MSP?
New MSP Bills have been passed which have been approved by the signature of the Lok Sabha, Rajya Sabha, and the President, so the farmers are feeling the following things, due to which they are agitating.
1. MSP will expire.
2. The market will be closed (APMC).
3. Difficulties in Contract Farming.
4. Ration shop will be closed.
5. Hoarding and black marketing will increase.
What is Contract Farming?
Contract farming means that any big company needs raw material, for this,
it contracts with direct farmers, she says you plant this crop, we will give
you so much money.
In this way, there is an agreement between the company and the farmer, but if later the company said that the crop is not right, it is weak and the company left after saying this? The farmers are very afraid of this.
MSP Full Form YouTube Video Guide👇
Conclusion
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article MSP Full Form | what is the meaning of MSP, I have told you that Full
Form of MSP, what is the full form of MSP, what is MSP full form, what is MSP,
what is MSP bill, MSP meaning in English, what is MSP means and how MSP is
calculated, etc.
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