What is MSP? Advantages of MSP: Complete information related to MSP – Hello friends how are you all? Hope you are all healthy. I once again welcome all of you to our brand new article. Friends, today we are going to give you information on a very important subject in this article. Today we will tell you about MSP in this article. In this article, we will tell you what is MSP? Why MSP is used? And what are the benefits of MSP? So friends, if you also want to know about all these information, then read this article completely till the last.
Friends, if you are active on social media or watch news on television, then you must have also seen that the MSP topic is very much in discussion at the present time. The government has now brought out a new agricultural law. Three new laws have been passed under this Agricultural Law. According to the government, these three laws are very good and farmers will get full benefit from them.
But according to the farmers, this law is not good and it is harmful for the farmers. The government is not withdrawing the bill and farmers are not accepting the bill. That is why the dispute between the government and the farmer is increasing. This controversy has increased so much that today every news channel is raising this news prominently, there is a discussion of this agricultural law and MSP in the newspaper.
There are many people who know about MSP. People who know about MSP do not have much confusion. But those who do not know about MSP, when they watch the news, they do not understand what this MSP is? That is why friends, to improve your information today and to give you the right information, we are going to give you complete information about MSP.
What is MSP?
So friends, now we do not make you wait much and tell you what is MSP? Friends MSP has a full form minimum support price. According to the government, the minimum support price will benefit the farmers. This will prove beneficial in selling their crop. But the farmers are saying that there is no mention of minimum support price in the agricultural law. Because of which both the government and the farmers are quarreling.
If we tell you the meaning of minimum support price in simple language, then it is the money that the government gives to the farmers in exchange for buying their crops. The government fixes a fixed price for the crop. And declares that the government will not buy crops below this price. The government buys the crop for the same amount of MSP of a crop. This does not cause losses to farmers.
Benefits of MSP
So guys, till now we have told you what is MSP? Let us show you some of the best advantages of MSP. MSP has several advantages. Below are some of the best fruits of MSP.
If there is a sudden drop in the price of a crop and there is a sudden increase, the government can control this situation by using MSP.
The biggest advantage of MSP is that there is no loss of farmers. Regardless of the price of the crop in the market. Farmers will get the same price as the MSP of that crop is fixed.
How is MSP Determined?
Friends, till now we have told you what is MSP and what are the benefits of MSP. Let us now show you how MSP is determined. Friends, all of you would like to know who determines the MSP and how the MSP is determined.
So friends, to clear your confusion, let us tell you that the government has formed a special committee to determine the MSP. The name of this committee is Swaminathan Committee. Many factors are taken into consideration by this committee and the MSP is determined after deliberations.
The MSP is determined based on the following:
How much did it cost to prepare the crop?
How much is the transport expense of the crop
What is the effect of cost on living?
How much is the demand for the crop and how much is the supply
How is the crop in the international market
What is the status of crop price in the national market
All these things are analyzed and based on that the crop’s MSP is determined. Friends, this was a little information for you today. That’s all for today. Today in this article we told you what is MSP? We hope you like this information. Friends, we keep bringing information on many topics for you. If you want to get other similar information, then read our article daily. Thank you very much for your valuable time. Good Day