Daily Mains Practice Question - 12 May

Explain the concept of Minimum Support Price (MSP) and analyse how it can help farmers overcome the challenges of low and unstable income. (150 words)

न्यूनतम समर्थन मूल्य (MSP) की अवधारणा की व्याख्या कीजिए तथा विश्लेषण कीजिए कि यह किसानों को  निम्न और अस्थिर आय सम्बंधित चुनौतियों से उबरने में कैसे मदद कर सकता है। (150 शब्द)

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Structure of the Answer

Introduction

• Define MSP.

Body

• Mention the key aspects of MSP.
• Mention how MSP can help the small farmers specifically to escape the debt trap.

Conclusion

• Mention that MSP has benefits, but its effect has become stagnant. Thus it needs reforms.