2022-06-09 04:42:20
MSP (Minimum Support Price)
Minimum Support Price (MSP): Market intervention by GOI
CACP was established in: January 1965
MSP was announced for the first time in: 1966
It is calculated on
Cost of production
Recommended and calculated by:
CACP ( Commission for Agricultural Costs and Prices )
Announced & Decided by:
CCEA ( Cabinet Committee on Economic Affairs) (GOI)
A2 +FL method is used to calculate the MSP by CACP.
Number of crops:
22 (MSP) + 1 (FRP)
For Sugarcane [ Fair and Remunerative Price (FRP) ] is declared instead of MSP.
Commercial crops ->
in MSP- Cotton , Copra , Jute (3),
in FRP- Sugarcane (1) Total- 4
Crops covered -> Cereals - 7, Pulses- 5, Oilseed - 7, Other commercial crop - 3 (cotton , copra ,Raw jute) Total -22 crops in MSP , Sugarcane in FRP (All total 23)
CCEA Chairperson = PM
CACP Chairman =
Vijaya Paul Sharma
MSP is announced well
before of sowing of crops of the the particular season (Rabi and Kharif)
@agri_quizzes
264 viewsSOURAV ROUT, edited 01:42