Title Copy of current - 3 -2.pdf ✅

www.iaritoppers.in Whatsapp : +91-9694095242 Page | 1 Minimum Support Prices (MSP)  MSP is a price fixed by Government of India to protect the producer - farmers - against excessive fall in price during bumper production years. The minimum support prices are a guarantee price for their produce from the Government.  Government announces (declares) Minimum Support Prices (MSPs) for 22 mandated crops and fair and remunerative price (FRP) for sugarcane on the basis of recommendations of the Commission for Agricultural Costs & Prices (CACP) before the sowing period each year. (Asked in Bank of Maharashtra AFO – 2021)  As of now, CACP recommends MSPs of 23 commodities, which comprise 7 cereals (paddy, wheat, maize, sorghum, pearl millet, barley and ragi), 5 pulses (gram, tur, moong, urad, lentil), 7 oilseeds (groundnut, rapeseed-mustard, soyabean, seasmum, sunflower, safflower, nigerseed), and 4 commercial crops (copra, sugarcane, cotton and raw jute).  First Time Declared – 1965  Time of Declaration – Beginning of the sowing season (for certain crops)  Pricing policy for sugarcane is known as FRP (Fair and remunerative price).  MSPs are decided on their production cost plus the imputed value of family labour at prevailing wage rate (A2+FL). While the recommendation given by CACP is C2 Method.  In addition, MSP for Toria and de-husked coconut is also fixed on the basis of MSPs of Rapeseed/Mustard and copra respectively.  Kerala introduced MSP for fruits & vegetables.  To realize the objectives of MSP Policy, Government extends price support for paddy and wheat through the Food Corporation of India (FCI) and State Agencies. Under this policy food grains offered by farmers within the stipulated period & conforming to the specifications prescribed by Government are purchased at MSP by the State Government agencies and FCI for Central Pool. Additionally, Oilseeds, pulses and copra of Fair Average Quality (FAQ) are procured from registered farmers under Price Support Scheme under Umbrella Scheme of PM-AASHA, as per its guidelines at MSP in consultation with the concerned State Governments, when market price of these produce fall below the MSP. Current Affairs Part-2
www.iaritoppers.in Whatsapp : +91-9694095242 Page | 2  Cotton and Jute are also procured by Government at MSP through Cotton Corporation of India (CCI) and Jute Corporation of India (JCI), respectively.  Government’s price policy is to ensure remunerative prices to farmers by offering to procure their produce at MSP. However, farmers are free to sell their produce to the Government procurement agencies at MSP or in the open market, whichever is advantageous to them. Commodity Variety Crop : 2024-25 (Rs. Per quintal) Crop : 2025-26 (Rs. Per quintal) Increase in MSP 2025-26 over 2024-25 Kharif Crops Paddy Common 2300 2369 69 Grade 'A' 2320 2389 69 Jowar Hybrid 3371 3699 328 Maldandi 3421 3749 328 Bajra 2625 2775 150 Maize 2225 2400 175 Ragi 4290 4886 596 Arhar (Tur) 7550 8000 450 Moong 8682 8768 86 Urad 7400 7800 400 Cotton Medium Staple* 7121 7710 589 Long Staple ** 7521 8110 589 Groundnut 6783 7263 480 Sunflower seed 7280 7721 441