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Which one of the following agencies of Indian Government implement the price support scheme (PSS)?
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- FCI
- NAFED
- Agriculture pricing agency of India
- None of the above
Correct Option: B
In Order to help the farmers in getting remunerative prices for their produce with a view to encourage higher investment and as also to increase production and productivity of a commodity, the government declares Minimum Support Price (MSPs) for 25 notified agricultural commodities for each Kharif & Rabi crop season. National Agricultural cooperative Marketing Federation of India Ltd (NAFED) is one of the Central Nodal Agencies which implements PSS.