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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

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