Food Security in India — Social Studies STD 9 — Question
CBSE BoardEnglish MediumSTD 9Social StudiesFood Security in India5 Marks
Question
When is the Minimum Support Price (MSP) declared by the government?
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Answer
It was in the early 1960s when India was facing an enormous shortage of cereals that new agricultural policies were born marking the start of the Green Revolution.
This policy took its final shape around 1974-76. The MSP serves as a long-term guarantee for investment decisions of producers.
MSP was introduced to provide financial stability to the agricultural system and encourage production.
MSPs are announced for 23 commodities on the basis of recommendations of the Commission for Agricultural Costs and Prices (CACP) by the Government of India at the beginning of the sowing season.
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