Minimum Support Price definition

Minimum Support Price means a minimum price for a product, decided by the Government with a view to ensuring remunerative prices to the farmers for their produce on the basis of the Commission for Agricultural Costs and Prices (CACP) recommendations.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Minimum Support Price means the assured price announced by the Central Government at which foodgrains are procured from farmers by the Central Government and the State Governments and their agencies, for the central pool;

Minimum Support Price means the minimum support price fixed by the State Government for purchase of notified agricultural produce (other than the commodities with reference to which minimum support price is fixed by the Government of India) due to fall in market price. While fixing the minimum support price, the State Government may take the following factors into consideration, namely:-

Examples of Minimum Support Price in a sentence

Paddy conforming to the specifications as mentioned at Clause-4 above is required to be purchased only at Minimum Support Price (MSP) & incentive bonus if any declared by Govt.
PP shall make the payment of cost of paddy confirming to the specifications as mentioned at (i) above at Minimum Support Price (MSP) & incentive bonus if any declared by Govt.
Minimum Support Price (MSP) means Purchase Price of the paddy of the specified quality from the farmers as declared by GOI with or without incentives, if any, declared by the State Govt.
All the food grains conforming to the prescribed specifications offered for sale at specific Mandis and purchase centres are bought by the procurement agencies at the Minimum Support Price (MSP).
Nothing contained in this Article 12 or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company, its creditors other than holders of Senior Debt and the Holders, the right, which is absolute and unconditional, of the Holder of any Security to convert such Security in accordance with Article 4.

More Definitions of Minimum Support Price

Minimum Support Price means the price announced for crop purchases by the Central Government in consultation with the Commission for Agricultural Costs and Prices;”;

Minimum Support Price means the minimum price fixed by the Government of India or the State Government for purchase of Notified Crop. This price is fixed by the Government to provide protection to agricultural producers against any sharp drops in prices.

Minimum Support Price. 5 means the minimum price fixed by the Government of India or the State Government for purchase of Notified Crop. This price is fixed by the

Minimum Support Price means the minimum support price of agriculture produce as declared by the Union Government;

Minimum Support Price or "MSP" means the price calculated or determined under section 8 of the Act;

Minimum Support Price means the minimum price declared by the Government at which it commits to buy different food commodities from the farmers.

Minimum Support Price which means that guaranteed price said by the governing body at which all the materials of food are being created.