GS3 · 15 marks · 250 words
Highlighting the rationale behind declaring MSP, discuss various issues related to the MSP regime in the country. Also, critically analyse the efficacy of legalizing MSP towards ensuring financial sustainability in farming.
Answered by 1 topper
Syllabus: Issues related to direct and indirect farm subsidies and minimum support prices; Public Distribution System- objectives, functioning, limitations, revamping; issues of buffer stocks and food security; Technology missions; economics of animal-rearing.
How toppers approached it
From the one answer · about 260 words.
Opening
- A definition1 of 1
Body
- Points1 of 1
Close
- A way forward1 of 1
The toppers’ answers
More on Subsidies and MSP
Direct and indirect farm subsidies, fertiliser and power subsidy, minimum support prices and procurement.
- Assess the potential of millet production in promoting sustainable agriculture and improving food security in India.13 answers
- Evaluate the impact of irrigation on the environment and natural resources, and suggest measures to ensure the sustainability and equity of irrigation practices in agriculture.13 answers
- What are the major challenges faced by India's agriculture sector to achieve self-sufficiency in pulses and vegetable oils? Suggest measures to address these challenges.10 answers
- Why has India become increasingly import-dependent for edible oils despite being a major agricultural economy?10 answers
- "The sole point of MSP is to protect farmers from sudden price shock". Do you think legalization of MSP can insure farmers from sudden price shocks? What are the other measures which can be taken to make MSP-led procurement effective?9 answers