What is the amount of Minimum Support Price for maize per quintal announced by the Government for the 2018-19 season?
Rs. 1700
Minimum Support Price for Maize in 2018-19
The question asks about the Minimum Support Price (MSP) for maize for the 2018-19 season as announced by the Government. The Minimum Support Price is a form of market intervention by the Government of India to protect agricultural producers against any sharp fall in farm prices. It is the price at which the government is willing to buy certain crops from the farmers.
Understanding Minimum Support Price (MSP)
MSP 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). Its purpose is to ensure that farmers receive a minimum level of income for their produce. MSP is a crucial part of India's agricultural policy.
Maize MSP for the 2018-19 Season
For the Kharif season of 2018-19, the Government of India announced the Minimum Support Price for maize. This price is determined to cover the cost of production and provide a reasonable return to the farmers.
Based on the official announcements for the 2018-19 Kharif season, the Minimum Support Price for maize per quintal was set at Rs. 1700. This price was an increase compared to the previous season and aimed at providing better remuneration to maize cultivators.
Breakdown of the MSP Figure
The Minimum Support Price for maize for 2018-19 is specifically Rs. 1700 per quintal. This means that for every 100 kilograms of maize produced, the government was ready to purchase it from farmers at a price of Rs. 1700, if the market price fell below this level.
Revision Table: Key Facts on Maize MSP
| Crop | Season | Minimum Support Price (MSP) per Quintal |
|---|---|---|
| Maize | Kharif 2018-19 | Rs. 1700 |
Additional Information on Minimum Support Price (MSP)
- MSP is announced for over 20 crops, including cereals, pulses, oilseeds, and commercial crops.
- The CACP considers various factors while recommending MSP, such as the cost of production, changes in input prices, supply and demand situation, and effect on the cost of living.
- The government procures crops at MSP through various agencies like the Food Corporation of India (FCI).
- MSP is intended to encourage diversification of crops and improve agricultural productivity.
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