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In this online session, learn about Minimum Support Price, an important topic in Indian Economy for UPSC Prelims & Mains 2022 - 2023. The minimum support price (MSP) is the minimum price set by the Government for certain agricultural products. MSP is the price at which the products would directly be purchased from the farmers if the prices in the open market are less than the cost incurred. Subscribe to "BYJU’S IAS" Channel: 👉 https://www.youtube.com/c/BYJUSIAS?su... Subscribe to our “BYJU’S IAS Hindi” Channel: 👉 https://www.youtube.com/c/BYJUSIASHin... Register FREE - BYJU’S National Scholarship Test (BNST) for IAS 👉 https://byjus.com/bnst-ias/?utm_sourc... Free IAS Workshop [Limited Seats Available!] - Register Now 👉 https://byjus.com/ias-workshop/?utm_s... 👉 Knowledge Series Latest Videos Playlist: • Knowledge Series | Master Playlist | ... Minimum Support Price (MSP) is a form of government check to ensure that the farmers do not have to face a steep decline in the prices of their goods and thus help them prevent losses. The Government of India sets the MSP twice a year for 24 goods/commodities. Topics Covered: 1. Introduction to MSP (00:00) 2. What is MSP? (04:10) 3. Who gives MSP to farmers? (06:36) 4. When is the MSP announced? (06:54) 5. Commission for Agricultural Costs and Prices (CACP) (07:24) 6. How many crops are covered under MSP? (10:18) 7. Fair and Remunerative Price (FRP) (Sugarcane) (11:08) 8. Cost of Production (CoP) (14:34) 9. Benefits of Minimum Support Price (MSP) (17:48) 10. Problems Associated with MSP (Disadvantages of Minimum Support Price) (Concerns) (23:00) 11. The way forward on MSP (26:30) 12. Mera Pani Meri Virasat (28:16) During this online session, you will get to know about Minimum Support Price, the impact on farmers and how it has helped the farmers increase their margin. We suggest you to take notes on the concept of Minimum Support Price (MSP) and feel free to clarify any questions or doubts related to it at the end of the session. Do not miss this session as this is an important topic in the Indian Economy, and you can expect a few questions on this in your upcoming IAS exam. Stay tuned to learn more about similar important IAS topics only on BYJU'S Exam Prep IAS. Don't forget to like, share, and subscribe to our channel. #ByjusIAS #ByjusKnowledgeSeries #ByjusIASKnowledgeSeries #msp #mspupsc #minimumsupportprice #indianeconomy #economy #byjusias #upscprelims #upscprelims2022 #IASPrelims #prelims2022 #upscpre2022 #upsccseprelims2022 #uppscprelims2022 #iasprep #iasupsc #IASExamPreparation #UPSCPrelims2022 #Prelims2022Analysis #CSE2022 #upsccseprelims2023 #uppscprelims2023 #prelims2023 #upscpre2023 Happy Learning! @BYJUSIAS