MSP Guarantee

The MSP Guarantee is a promise made by the government to ensure that farmers who sell their crops at the minimum support price (MSP) will receive that price or a better deal. Essentially, it provides a safety net, assuring farmers they won't be forced to sell their produce below a certain price. This helps protect farmers from market fluctuations or unfair pricing, encouraging them to produce more. The guarantee aims to stabilize farmer incomes, reduce exploitation, and ensure food security by maintaining fair and consistent procurement prices for agricultural commodities.