MSP Full Form: Minimum Support Price Meaning and How It Is Decided
MSP full form: Minimum Support Price (हिंदी: न्यूनतम समर्थन मूल्य). It is the price per quintal announced by the Government of India at which it is prepared to purchase notified crops from farmers, giving them a floor price against sharp market falls.
- MSP = Minimum Support Price (न्यूनतम समर्थन मूल्य).
- Announced by the Union Cabinet on the recommendation of CACP.
- It is a price floor; actual purchase depends on crop, state, agency and quality.
हिंदी सारांश: MSP का पूरा नाम न्यूनतम समर्थन मूल्य है। इसे केंद्रीय मंत्रिमंडल कृषि लागत और मूल्य आयोग (CACP) की सिफ़ारिश पर घोषित करता है।
Who decides MSP?
The Commission for Agricultural Costs and Prices (CACP) studies production costs, demand, supply and market trends and recommends prices. The Union Cabinet (CCEA) takes the final decision and announces MSPs for Kharif and Rabi seasons.
Which crops have an MSP?
MSP is announced for around two dozen crops, including cereals, pulses, oilseeds and commercial crops. See the current lists: Rabi MSP 2026-27 and Kharif MSP 2026-27.
MSP vs mandi price
The mandi price changes daily with supply and demand; MSP is announced once per season. If the mandi price is below MSP, farmers may sell to government procurement where it is available. Compare them using today’s mandi bhav and the MSP calculator.
Frequently asked questions
What is the full form of MSP?
MSP stands for Minimum Support Price (न्यूनतम समर्थन मूल्य).
Who announces MSP?
The Union Cabinet announces MSP based on CACP recommendations.
Does the government buy all crops at MSP?
Not necessarily. Procurement depends on the crop, state, agency and quality standards. Check with your local procurement centre.
How many times a year is MSP announced?
Kharif MSPs are typically announced before the monsoon sowing season and Rabi MSPs before the winter sowing season.
Sources
- Press Information Bureau, Government of India — Cabinet decisions on MSP
- Commission for Agricultural Costs and Prices (CACP)
Related tools: MSP calculator · Mandi bhav today · Crop calendar
We summarise official government announcements and data for farmers. This article follows our editorial policy; spotted an error? See our corrections policy. The Harvest is an independent website and is not affiliated with any government body — see the disclaimer.
