Issue Details
ENHANCING FARMER WELFARE IN INDIA: EXPLORING THE FEASIBILITY OF MSP EXPANSION AND GOVERNMENT SUPPORT MECHANISMS
Dr. Ranbir Singh
Page No. : 142-151
ABSTRACT
This research paper focuses on the Minimum Support Price (MSP) system in India and its associated issues. It examines the mandated crops and recommendations of the Commission for Agricultural Costs and Prices (CACP). The study analyzes the increase in procurement at the MSP from 2009-10 to 2013-14 and 2016-17 to 2020-21, highlighting the procurement of wheat and rice in major states. It addresses the challenges of unequal distribution of procurement and financial constraints faced by the government. The paper emphasizes the need for a more equitable distribution of procurement to ensure fair treatment and support for farmers across all states. Additionally, it discusses the problem related to the MSP system in India and presents a case study on Haryana’s Bhavantar Bhugtan Yojana, a state-level initiative. The research paper also examines the budgetary allocation and the share of the agriculture budget in the total Indian budget from 2013-14 to 2021-22, highlighting the significant percentage increase in the agriculture budget, agriculture credit, and total budget. Overall, the paper aims to provide insights into improving the MSP system and promoting equal opportunities and benefits for farmers nationwide.
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