How can the concept of MSP be reinforced through the enactment of a law, as proposed by Congress for farmers
Evaluate the proposal for giving legal backing to Minimum Support Price (MSP) and its potential benefits for farmers as suggested by Congress.
- Enacting a law to give legal backing to the Minimum Support Price (MSP) would ensure that farmers receive a fair price for their produce.
- This legal guarantee would protect farmers from exploitation by middlemen and ensure their financial security.
- It would provide farmers with a safety net, assuring them a minimum income for their efforts.
- Legal backing to MSP would also help in stabilizing market prices and prevent distress selling by farmers.
- By making MSP a legally enforceable right, the proposal could empower farmers and improve their bargaining power with traders and buyers.
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5 months ago