MINIMUM SUPPORT PRICE | | PUBLIC DISTRIBUTION SYSTEM | |

Welcome to our in-depth analysis of economic section, Join us as our expert will discuss and break down the key points of MSP(Minimum support Price)& PDS(Public Distribution System).

Minimum Support Price (MSP) is a government-regulated price for certain crops to ensure farmers receive a fair return on their produce, regardless of market fluctuations.
Key Features:
1. Government-set price: Announced by the Commission for Agricultural Costs and Prices (CACP) before each crop season.
2. Crop coverage: MSP applies to 23 crops, including wheat, rice, pulses, oilseeds, and cereals.
3. Price guarantee: Government promises to purchase crops at MSP from farmers.
4. Market intervention: Government agencies like Food Corporation of India (FCI) and National Agricultural Cooperative Marketing Federation of India (NAFED) procure crops at MSP.

Public Distribution System (PDS) is a government-subsidized food distribution network providing essential commodities to vulnerable populations in India.
Key Features:
1. Subsidized prices: Essential commodities sold at lower prices.
2. Wide coverage: Reaches rural and urban areas.
3. Targeted beneficiaries: Priority to below poverty line (BPL), antyodaya anna yojana (AAY), and other vulnerable groups.

Whether you are a student, a professional, or someone keen on staying informed, this discussion will help you grasp the nuances of the enviromental content and stay updated with the latest developments.
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