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

28 Aug

IADT-1

'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

Read More

28 Aug

H-1B visa changes

'H-1B visa changes 2025: United States Commerce Secretary Howard Lutnick called the popular H-1B visa program a “scam”, saying that American businesses should be focuse

Read More

28 Aug

UGC’s Learning Outcomes-based Curriculum Framework

'Recently, the University Grants Commission (UGC) issued a public notice on its development of a draft Learning Outcomes-based Curriculum Framework (LOCF).' LOCF is intended to

Read More

India’s First Ai-Driven Magazine Generator

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