"Higher MSP will not distort market prices"
The NDA regime has announced a steep increase in minimum support price for 14 kharif crops. The question is, will this mitigate the mounting rural distress? Union Agriculture Minister Radha Mohan Singh walks Business Today through his blueprint for increased procurement and distribution.
The augmentation of infrastructure required for procuring, storing and distributing crops acquired with the increased MSP will be an uphill climb. How will you translate plans to implementation?
A: Our target is broad based commodity procurement to ensure farmers in all states are covered. We are firming up the procurement mechanism to define protocols and designated agencies.
The Food Corporation of India, and other designated
