Haryana Government Expands MSP Procurement to 24 Crops
| Aspect | Details |
|---|---|
| Event | Haryana government notifies procurement of 24 crops at Minimum Support Price (MSP) |
| Expansion | Increased from 14 crops to 24 crops |
| Newly Added Crops | Ragi, soybean, nigerseed, safflower, barley, maize, jowar, jute, copra, summer moong |
| Existing Crops | Paddy, bajra, kharif moong, urd, arhar, wheat, mustard |
| MSP Definition | Minimum price guaranteed by the government to purchase crops from farmers |
| Purpose of MSP | Prevents distress sales, ensures fair prices, and encourages crop diversification |
| MSP Determination | Based on recommendations of the Commission for Agricultural Costs and Prices (CACP) |
| CACP Role | Considers cost of production, demand and supply, market price trends, etc. |
| Final Approval | Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister |