Government Announces Annual Minimum Support Prices for 22 National Crop Varieties
The Ministry of Agriculture & Farmers Welfare has confirmed that each year the government establishes Minimum Support Prices (MSPs) for 22 agricultural crops, following the recommendations from the Commission for Agricultural Costs & Prices (CACP). This pricing structure ensures farmers a return of at least 1.5 times the cost of production, benefiting them through increased MSP since 2018. The program's impact can be seen in the procurement and MSP payments made to farmers over recent crop years.
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