Minimum Support Price mechanism for farmers will continue, says Indian Agri Minister

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Indian Agriculture Minister Narendra Singh Tomar said the Minimum Support Price (MSP) mechanism for farmers will continue and the proposed legislations are aimed at making farming profitable.

The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020 were introduced by the minister in Lok Sabha – the lower house of India’s bicameral Parliament.

The minister said that these legislations will bring about revolutionary transformation and transparency in the agriculture sector, adding there will be accelerated agricultural growth as private investment will be attracted in building supply chains and agricultural infrastructure.