Minimum Support Price Scheme Current Affairs, GK & News

Minimum Support Price Scheme

The Minimum Support Prices were announced by the Government of India for the first time in 1966-67 for wheat in the wake of the Green Revolution and extended harvest, to save the farmers from depleting profits. Since then, the MSP regime has been expanded to many crops. Minimum Support Price is the price at which ..

Punjab to involve Arhtiyas in Direct Payments to Farmers

The Punjab State Government recently told the Union Government that it will pay the Minimum Support Price directly into the accounts of farmers starting this procurement season. However, the Arhtiyas in the state have been opposing to the direct payment. Arhtiyas are Commission Agents in the state. They used to pay the farmers earlier in ..

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14 Minor Forest Produce Items included under MSP Scheme

The government has decided to include 14 new minor forest produce items under the mechanism for marketing of minor forest produce by the minimum support price scheme. Highlights This new mechanism will help to provide remunerative and fair prices to tribal gatherers of forest produces. The items which have been included in the scheme include- ..

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MSP Scheme for Minor Forest Produce: Major Issues

Minimum Support Price Scheme (MSP) for Minor Forest Produce (MFP) is a centrally-sponsored scheme launched at the end of 2013-14 (during the 12th five-year plan) to assure fair and remunerative price to MFP gatherers. Known as ‘Mechanism for marketing of Minor Forest Produce (MFP) through Minimum Support Price (MSP) and development of value chain for ..

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