MSP Full Form


What is the full form of MSP?

Full form of MSP is the Minimum Support Price. It is a fixed income of the farmers, which is provided to the farmers on their crops irrespective of whether the crop is more or less grown. This does not cause any harm to the farmers on selling their crops.

What is MSP? (What is the Minimum support price)

The government sets a minimum price for the crop of farmers every year, which is called the minimum support price (MSP). In a way, it is a facility or guarantee given by the government to the farmers that in every case the farmer will get the fixed price for his crop by the government.MSP ka full form.

If the farmer does not get MSP or more of his produce in moneylenders or mandis, then the government buys his produce from the farmers at the minimum support price (MSP). Due to this, fluctuations in the prices of crops in the market have no effect on the farmers.

PNR Full Form

MSP क्या है 

MSP Full Form : How did MSP get started?

Since independence, farmers in India were very worried about the fact that if a crop was produced very high, they could not get good prices for it. And those crops had to be sold for a quarter of a million. In this way, the farmers could not even get the cost of the crop, due to which they started agitating.

During the tenure of late Lal Bahadur Shastri, a committee was formed by Shastri ji on 1 August 1964 under the leadership of LK Jha, who was responsible for fixing a price for the grains.

The Minimum Support Price (MSP) for wheat was announced for the first time in the country after the recommendations of the committee constituted by Lal Bahadur Shastri came into force in 1966-67.

Since then, the government announces the minimum support price (MSP) of the crops before harvesting every year. After the MSP is finalized, the government purchases food grains through local cooperatives and government agencies and stores it with the Food Corporation of India (FCI) and Nafed. Then the same grain was kept safe and later, the government cheap ration shop (PDS), the ration card holders are sent food grains to the poor at cheap prices.

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