Sign In
Learn bits
Polity & Governance
Mahesh

21/07/22 04:28 AM IST

Centre sets up MSP panel

In News 
  • The Centre has constituted a high-powered panel under the chairmanship of former agriculture secretary Sanjay Agarwal to make the minimum support price (MSP) mechanism more effective and transparent.
Objectives of the Committee 
  • It will work for Agri marketing as per the changing requirements of the country to ensure higher value to the farmers through remunerative prices of their produce by taking advantage of the domestic output and export.
  • On natural farming: It will suggest programmes and schemes for value chain development, protocol validation and research for future needs and support for area expansion under the Indian Natural Farming System.
  • On crop diversification: It will look into the mapping of existing cropping patterns of agro-ecological zones of producer and consumer States.
  • Review and suggestion on micro irrigation scheme
Need of MSP 
  • Support farmers from distress sales.
  • To procure food grains for public distribution
  • To safeguard farmers from market price fluctuations.
  • Maintain a healthy supply of food grains in the market thereby helping in the fight against hunger.
  • The guaranteed price for the crops and assured markets encourage higher investment and adoption of modern farming practices.
Source- PIB

More Related Current Affairs View All

02 Dec

India’s cities, their non-communicable disease burden

'The recent case where a Bengaluru Metropolitan Transport Corporation (BMTC) bus driver passed away after cardiac arrest while on duty, has set off discussions on rising poor healt

Read More

30 Nov

Odisha govt will bring in law to prevent cheating in recruitment exams

'The Odisha government has decided to enact a new law with stringent penal provisions to check cheating and other discrepancies in public examinations conducted by various recruitm

Read More

29 Nov

INDIAN ARMY LAUNCHES ‘EKLAVYA’ ONLINE DIGITAL PLATFORM FOR OFFICERS’ TRAINING

' Chief of the Army Staff (COAS) General Upendra Dwivedi  launched an online learning platform for the Indian Army nicknamed as "Eklavya".' This initiative aligns with the

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps