MSP for 87 Minor Forest Produce Items Set for Revision
Why in the news
The Union Government is set to raise the MSP for 87 Minor Forest Produce (MFP) items, the first increase since the pandemic, probably from the next financial year.
Key facts
- Guidelines require a revision every three years, yet none came in six years; the last hike was in May 2020.
- The Tribal Affairs Ministry gathered fresh state price data; TRIFED (Tribal Cooperative Marketing Development Federation of India) calculated the proposal.
- A parliamentary panel on Social Justice and Empowerment had flagged that stagnant MSP drives tribals towards middlemen.
About the scheme
- Launched in 2013-14 by the UPA government.
- Shields tribal gatherers in remote areas from distress sales and middlemen.
- State agencies procure when market prices fall under MSP.
MFP examples
Bamboo, tendu leaves, mahua, lac, tamarind and sal seeds, all livelihood staples for forest dwellers.
Exam angle
- Nodal agency TRIFED; scheme year 2013-14.