What is MSP Full Form ? MSP Ka Full Form

Do you know what is the full form of MSP, then in this post we are going to give you the full form of MSP and complete information about it, so if you want to get information on this topic, then you should follow this post. read till the end

What is MSP?

MSP is a “minimum price” for any crop that the government considers as remunerative for farmers and hence deserving of “support”. It is also the price that Indian government agencies pay whenever they purchase a particular crop.

The Centre Government currently fixes MSPs for 23 farm commodities — 7 cereals (paddy, wheat, maize, bajra, jowar, ragi and barley), 5 pulses (chana, arhar/tur, urad, moong and masur), 7 oilseeds (rapeseed-mustard, groundnut, soyabean, sunflower, sesamum, safflower, and nigerseed) and 4 commercial crops (cotton, sugarcane, copra and raw jute).

What is MSP Full Form –

MSP full form stands for Minimum support price

The prices of agricultural commodities   often vary due to many factors. If a crop has seen a good harvest season during a particular year, it may see a sharp fall in its prices. This will lead to farmers withdrawing from sowing the crop in the next year which will affect the supply. To counter this, MSP is fixed by the government which is supposed to encourage higher investments and production of crops.

The MSP is fixed twice a year on the recommendations of the Commission for Agricultural Costs and Prices (CACP), which is a statutory body and submits separate reports recommending prices for Kharif and rabi seasons.

The CACP submits its recommendations to the government in the form of Price Policy Reports every year, separately for five groups of commodities namely kharif crops, rabi crops, sugarcane, raw jute and copra.

After considering the report and views of the state governments and also keeping in view the overall demand and supply situation in the country, the central government takes the final decision to decide the MSP. 

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History of MSP –

During the time of Independence, India was staring at a major deficit in terms of cereal production. After the struggling first decade, India decided to go for immense agricultural reforms. It was the first time in the year 1966-67 that the Minimum Support Price was introduced by the Centre. At Rs 54 per quintal, the MSP for wheat was fixed for the first time. The full form of the MSP stands for Minimum support price.

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What was the need of introducing MSP?

On the path to achieving the Green Revolution, Indian policymakers decided that the farmers needed incentives to grow food crops. Otherwise, they won’t opt for crops such as wheat and paddy as they were labor-intensive and didn’t fetch lucrative prices. Hence, to incentivize the farmers and boost production, the MSP was introduced in the 1960s.

Statement Showing Minimum Support Prices – Fixed by Government (Rs.quintal)

ommodity	Variety	2010-11	2011-12	2012-13	2013-14	2014-15	2015-16	2016-17	2017-18	2018-19	2019-20	2020-21
KHARIF CROPS
PADDY	Common	1000	1080	1250	1310	1360	1410	1470	1550	1750	1815	1868
Grade ‘A’	1030	1110	1280	1345	1400	1450	1510	1590	1770	1835	1888
JOWAR	Hybrid	880	980	1500	1500	1530	1570	1625	1700	2430	2550	2620
Maldandi	900	1000	1520	1520	1550	1590	1650	1725	2450	2570	2640
BAJRA		880	980	1175	1250	1250	1275	1330	1425	1950	2000	2150
MAIZE		880	980	1175	1310	1310	1325	1365	1425	1700	1760	1850
RAGI		965	1050	1500	1500	1550	1650	1725	1900	2897	3150	3295
Tur (Arhar)		3000	3200	3850	4300	4350	4625^	5050^^	5450^	5675	5800	6000
MOONG		3170	3500	4400	4500	4600	4850^	5225^^	5575^	6975	7050	7196
URAD		2900	3300	4300	4300	4350	4625^	5000^^	5400^	5600	5700	6000
COTTON	Medium Staple	2500	2800	3600	3700	3750	3800	3860	4020	5150	5255	5515
Long Staple	3000	3300	3900	4000	4050	4100	4160	4320	5450	5550	5825
Groundnut		2300	2700	3700	4000	4000	4030	4220*	4450^	4890	5090	5275
SUNFLOWER SEED		2350	2800	3700	3700	3750	3800	3950*	4100*	5388	5650	5885
SOYABEAN	Black	1400	1650	2200	2500	2500	–	–	3050^	3399	3710	–
	Yellow$$	1440	1690	2240	2560	2560	2600	2775*				3880
SESAMUM	–	2900	3400	4200	4500	4600	4700	5000^	5300*	6249	6485	6855
NIGERSEED	–	2450	2900	3500	3500	3600	3650	3825*	4050*	5877	5940	6695
RABICROPS
WHEAT		1120	1285	1350	1400	1450	1525	1625	1735	1840	1925	1975
BARLEY	–	780	980	980	1100	1150	1225	1325	1410	1440	1525	1600
GRAM	–	2100	2800	3000	3100	3175	3500**	4000^	4400!	4620	4875	5100
MASUR (LENTIL)	–	2250	2800	2900	2950	3075	3400**	3950!	4250*	4475	4800	5100
Rapeseed & Mustard	–	1850	2500	3000	3050	3100	3350	3700*	4000*	4200	4425	4650
SAFFLOWER	–	1800	2500	2800	3000	3050	3300	3700*	4100	4945	5215	5327
TORIA	–	1780	2425	2970	3020	3020	3290	3560	3900	4190	4425	–
OTHER CROPS
COPRA	Milling	4450	4525	5100	5250	5250	5550	5950	6500	7511	9521	9960
(Calender Year)	Ball	4700	4775	5350	5500	5500	5830	6240	6785	7750	9920	10300
DE-HUSKED COCONUT Calender Year)		1200	1200	1400	1425	1425	1500	1600	1760	2030	2571	2700
JUTE		1575	1675	2200	2300	2400	2700	3200	3500	3700	3950	4225

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Conclusion

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