Minimum Support Price
- The Cabinet Committee on Economic Affairs (CCEA) has increased the minimum support price (MSP) of raw jute by Rs 200 per quintal to Rs 3,700 per quintal for the 2018-19 crop season.
Minimum Support Price (MSP):
- Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices.
- The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).
- MSP is price fixed by Government of India to protect the producer – farmers – against excessive fall in price during bumper production years.
- The minimum support prices are a guarantee price for their produce from the Government.
- The major objectives are to support the farmers from distress sales and to procure food grains for public distribution.
- In case the market price for the commodity falls below the announced minimum price due to bumper production and glut in the market, government agencies purchase the entire quantity offered by the farmers at the announced minimum price.
Commission for Agricultural Costs and Prices (CACP):
- Commission for Agricultural Costs and Prices (CACP) is a decentralised agency of the Government of India.
- It was established in 1965 as the Agricultural Prices Commission, and was given its present name in 1985.
- It is an attached office of the Ministry of Agriculture and Farmers Welfare, Government of India.
- The commission was established to maintain the recommend Minimum Support Prices (MSPs) to motivate cultivators and farmers to adopt the latest technology in order to optimise the use of resources and increase productivity.
- CCEA comprises of the following:
- Member Secretary
- one Member (Official)
- two Members (Non-Official)
- The non-official members are representatives from farming community and usually have active association with farming community.
- Padma Shri Ashok Gulati served as chairman of the CACP from 2011 to 2014. Prof. Vijaya Paul Sharma is currently chairman.
Meghalaya Community-Led Landscapes Management Project
- A loan agreement worth USD 48 million for the “Meghalaya Community – Led Landscapes Management Project (MCLLMP)” was signed recently between India and the World Bank.
Meghalaya Community-led Landscapes Management Project:
- The development objective of the Meghalaya Community-Led Landscapes Management Project for India is to strengthen community-led landscapes management in selected landscapes in the state of Meghalaya.
- There are three components of this project:
- Strengthening Knowledge and Capacity for Natural Resource Management (NRM): objective of this component is to enable the development, assimilation, analysis, and dissemination of knowledge and skills to improve landscape management within the state.
- Community-led landscape planning and implementation will support both planning and implementation of the landscape plans by communities in the selected very high/high priority areas.
- Project management and governance to support the strengthening of the institutional capacity and knowledge management of the project implementing entity, Meghalaya Basin Management Agency (MBMA), for the implementation and management of the project.