MSP Full Form - Full Form World

 MSP Full Form

MSP is a government initiative to ensure that farmers get their share of monetary value no matter how much a fall in price has occurred. It is a guaranteed price that farmer receives from the government.

Hence, MSP Full Form is :

Minimum Support Price

FAQs about MSP :

• It was introduced in the Mid 1970s.
• It is only applicable to the agriculture sector.
• Cereals, Pulses, Oilseeds and Commercial crops are commodities of MSP.
• The Government has fixed MSP for 23 crops.
• The prices of Rabi and Kharif Crops are different.