Government Pannel On MSP Flashcards
The protesting farmers had demanded a legal guarantee on MSP, based on Swaminathan Commission’s ‘______% formula’.
C2+50% formula
C2 + 50% formula
government should raise the MSP to at least 50% more than the weighted average cost of production. It is also known as the C2+ 50% formula.
It includes the imputed cost of capital and the rent on the land (called ‘C2’) to give farmers 50% returns
The Commission for Agricultural Costs & Prices (CACP) recommends MSPs for _____ mandated crops and fair and remunerative price (FRP) for sugarcane.
22
The mandated crops include 14 crops of the kharif season, 6 rabi crops and 2 other commercial crops.
The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the ________ (CACP).
Commission for Agricultural Costs and Prices
the government announces minimum support prices for how many crops.
23
More detail of 23 crops (optional)
7 types of cereals (paddy, wheat, maize, bajra, jowar, ragi and barley),
5 types of pulses (chana, arhar/tur, urad, moong and masur),
7 oilseeds (rapeseed-mustard, groundnut, soyabean, sunflower, sesamum, safflower, nigerseed),
4 commercial crops (cotton, sugarcane, copra, raw jute).