Minimum Support Price (MSP)

GPTKB entity

Statements (50)
Predicate Object
gptkbp:instanceOf agricultural policy
gptkbp:announced gptkb:Cabinet_Committee_on_Economic_Affairs
gptkbp:appliesTo certain agricultural commodities
gptkbp:benefit farmers
gptkbp:calculationMethod cost of production
demand and supply
terms of trade between agriculture and non-agriculture
input costs
inter-crop price parity
international price situation
likely implications on consumers
likely implications on environment
market price trends
parity between prices paid and prices received by farmers
gptkbp:country gptkb:India
gptkbp:covers gptkb:rice
gptkb:wheat
maize
cotton
jute
oilseeds
sugarcane
barley
sorghum
pulses
millets
gptkbp:criticizedFor environmental impact due to overproduction of certain crops
benefiting mainly large farmers
distorting cropping patterns
fiscal burden on government
gptkbp:debatedBy for its effectiveness
gptkbp:guarantees price stability
https://www.w3.org/2000/01/rdf-schema#label Minimum Support Price (MSP)
gptkbp:implementedIn gptkb:Government_of_India
gptkbp:introducedIn 1966-67
gptkbp:purpose to ensure farmers a minimum profit for their harvest
gptkbp:recommendation Commission for Agricultural Costs and Prices (CACP)
gptkbp:relatedTo gptkb:National_Food_Security_Act
gptkb:Food_Corporation_of_India_(FCI)
food security
public procurement
agricultural subsidies
agricultural marketing
Fair and Remunerative Price (FRP)
farmers' protests in India
food grain buffer stocks
procurement price
gptkbp:reviewedBy annually
gptkbp:bfsParent gptkb:Pradhan_Mantri_Annadata_Aay_Sanrakshan_Abhiyan
gptkbp:bfsLayer 7