Institutional Arrangements to Enforce the Minimum Support Price (MSP) Policy Effectively in India: A Case Study of Wheat and Paddy Production in Punjab

The paper tries to examine the institutional arrangements enforce minimum support price (MSP) in India with a special reference highly agricultural-producing state, which is also known as food bowl of India. current study based on Punjab state an agriculturally rich here, paddy and wheat farmers suffered low losses compared other crop cultivators, but they are not separate from losses. These MSP policy examined by studying cost Production, FHP, MSP, procurement government agencies their benefited paddy. calculated percent change over period 2012-13 2020-21 costs data Directorate Economics & Statistics (DES), this analysed published Food Corporation (FCI) Ministry Agriculture Farmers Welfare, Government percentage analysis used statistical tool for research, access effectiveness its that effectively. enforcement found be effective Punjab. seeks guarantee fair prices growers promote greater investment output produce. result revealed within time being production, cultivation, increasing, whereas number has significantly increased. findings research unravel getting supported largely due at MSP. Overall, such FCI satisfactory, conclude nature.