MSP: ‘Cost Plus 50%’ Principle Fully Maintained, Says Ashwini Vaishnaw

Union Minister  Ashwini Vaishnaw explains the government’s MSP formula, stressing that the cost-plus-50% principle remains the key commitment. He explains how the margin over and above the increased cost is calculated, the role of the CACP and its consideration of factors such as inflation, farmers’ interests and the impact on consumers. Vaishnaw also highlights India’s agricultural growth since 2014 and its impact on farmers’ financial well-being, food security and self-reliance.