Minimum Support Price — Mains Questions

Evaluate the effectiveness of Minimum Support Price (MSP) as a tool for farmer welfare and food security in India. Discuss the associated challenges and suggest reforms to make it more sustainable and equitable.

The PM-AASHA scheme was launched to address the limitations of the traditional MSP procurement system. Critically analyze its components and their potential to ensure remunerative prices for farmers, particularly for pulses and oilseeds.

Compare and contrast India's Minimum Support Price (MSP) mechanism with international agricultural price support systems, such as the EU's Common Agricultural Policy (CAP) and US farm support. What lessons can India draw from these global models for a more sustainable agricultural policy?