Explain Minimum Support Price

Q- Explain Minimum Support Price?

Answer- MSP refers to Minimum Support Price which was made by Indian government to provide food grains to poor section of Indian society. In this the poor people were provided food grains in price that they can easily afford. This minimum support price of the food grains is very low than the market price. This would help in solving the problem of shortage of food during bad harvest season or during periods of calamity.

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