Q.3 Examine the purpose of the Minimum Support Price declared by the government for crops and the implications of providing legal backing to it? Suggest the way forward. (10 Marks)

Mentor’s comment-
  • https://indianexpress.com/article/opinion/columns/farmers-protest-minimum-support-price-7666818/
  • In the intro, mention the recent repeal of the farm laws by the government and the formation of the committee to ensure MSP for all farmers.
  • In the body, mention various interpretations of the legal backing and challenges in its implementation such as fiscal constraints and practical difficulties in the nationalisation of agricultural trade.
  • In the suggestions mention using MSP for price stabilisation purpose only by establishing a price monitoring mechanism, using MSP for crops other than rice and wheat to reduce import dependence and ensuring food security, the inclusion of pulses, millets and edible oils in PDS etc.
  • Conclude by mentioning the need to need to use MSP as suggested here to protect a sector that remains the largest employer and a refuge for the poor and vulnerable as was seen during the pandemic.
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Sunil Kumar
Sunil Kumar
9 months ago

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Bhanu Joshi
Bhanu Joshi
9 months ago

@Staff – ISyOdQANazdk6B

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Bhanu Joshi
Bhanu Joshi
9 months ago
Reply to  Bhanu Joshi

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muskan garg
muskan garg
9 months ago

@staff

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