The Cabinet Committee on Economic Affairs (CCEA) has set _____ per quintal minimum support price (MSP) for paddy with A grade for marketing season 2020 - 2021.
Rs. 1,888
Understanding Minimum Support Price (MSP)
The Minimum Support Price (MSP) is a form of market intervention by the Government of India to protect agricultural producers against sharp falls in farm prices. The minimum support price is announced by the Government at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).
The primary objective of setting a minimum support price is to ensure that farmers receive a guaranteed price for their produce, thereby encouraging investment in agriculture and protecting them from market volatility. It acts as a safety net for farmers.
Cabinet Committee on Economic Affairs (CCEA) and MSP
The final decision on setting the minimum support price for various crops is taken by the Cabinet Committee on Economic Affairs (CCEA), which is chaired by the Prime Minister of India. The CCEA considers the recommendations of the CACP, along with other factors like the cost of production, demand and supply conditions, market price trends, inter-crop price parity, terms of trade between agriculture and non-agriculture sectors, and likely implications on consumers.
Minimum Support Price for Paddy (A Grade) 2020-2021
For the marketing season 2020-2021, the Cabinet Committee on Economic Affairs (CCEA) approved the Minimum Support Price (MSP) for paddy and other Kharif crops. The MSP for paddy is fixed for two varieties: common grade and A grade.
The MSP announced for paddy (A grade) for the marketing season 2020-2021 was set at a specific rate per quintal. This rate was higher than the MSP for common grade paddy for the same season, reflecting the difference in quality.
Let's look at the MSP values for paddy for the 2020-2021 season:
| Crop | Variety | Minimum Support Price (2020-2021 per quintal) |
|---|---|---|
| Paddy | Common | Rs. 1,868 |
| Paddy | A Grade | Rs. 1,888 |
Based on the decision by the CCEA, the minimum support price for paddy with A grade for the marketing season 2020-2021 was fixed at Rs. 1,888 per quintal.
The determination of the minimum support price plays a crucial role in the agricultural economy, impacting farmers' income and food security.
Important Questions from Agriculture
Consider the following States:
1. Arunachal Pradesh
2. Kerala
3. Himachal Pradesh
4. Tripura
How many of the above are generally known as tea- producing States?
How is permaculture farming different from conventional chemical farming?
1. Permaculture farming discourages monocultural practices but in conventional chemical farming, monoculture practices are predominant.
2. Conventional chemical farming can cause an increase in soil salinity but the occurrence of such phenomenon is not observed in permaculture farming.
3. Conventional chemical farming is easily possible in semi-arid regions but permaculture farming is not so easily possible in such regions.
4. Practice of mulching is very important in permaculture farming but not necessarily so conventional chemical farming
Select the correct answer using the code given below.
With reference to ‘palm oil’, consider the following statements:
1. The palm oil tree is native to Southeast Asia.
2. Palm oil is a raw material for some industries producing lipstick and perfumes.
3. Palm oil can be used to produce biodiesel.
Which of the statements given above are correct?
In the context of India’s preparation for Climate-Smart Agriculture, consider the following statements :
1. The ‘Climate-Smart Village’ approach in India is a part of a project Jed by the Climate Change, Agriculture and Food Security (CCAFS), an international research programme.
2. The project of CCAFS is carried out under Consultative Group on ‘International Agricultural Research (CGIAR) headquartered in France.
3. The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) in India is one of the CGIAR’s research centres.
Which of the statements given above are correct?
With reference to 'Initiative for Nutritional Security through Intensive Millets Promotion', which of the following statements is/are correct?
1. This initiative aims to demonstrate the improved production and post-harvest technologies, and to demonstrate value addition techniques, in an integrated manner, with cluster approach.
2. Poor, small, marginal and tribal farmers have larger stake in this scheme.
3. An important objective of the scheme is to encourage farmers of commercial crops to shift to millet cultivation by offering them free kits of critical inputs of nutrients and microirrigation equipment.
Select the correct answer using the code given below.
