Minimum support price (India)


The minimum support price is an agricultural product price set by the government of India to purchase directly from the farmer. This rate is to safeguard the farmer to a minimum profit for the harvest, if the open market has lesser price than the cost incurred.it is also known as price
The Indian government sets the price for 22 commodities twice a year.it is fixed by an expert group

Farmers protest

The governments face protests from farmers when the market prices for products fall and there is a demand to increase MSP rates. Farmers protest against the government to increase the rate of Minimum support price.