​ Assam government has initiated a step to procure 10 lakh MT paddy at Minimum Support Price (MSP) from farmers. Which of the following is the nodal agency, responsible for procuring wheat and paddy at MSP?

The Correct Answer is FCI. Key Points The Food Corporation of India is a statutory body created and run by the Government of India. FCI , the nodal central agency of the Government of India, along with other State Agencies undertakes procurement of wheat and paddy under a price support scheme. The MSP is the rate at which the government purchases crops from farmers, and is based on a calculation of at least one-and-a-half times the cost of production incurred by the farmers. The Commission for Agricultural Costs & Prices (CACP) recommends MSPs for 22 mandated crops and fair and remunerative price (FRP) for sugarcane. ​ Additional Information Assam government has initiated a step to procure 10 lakh MT paddy at Minimum Support Price (MSP) from farmers. Measures are directed to step up for procurement of paddy in the state by agencies including FCI, AFCSCL, NAFED, NACOF, NCCF, and ASAMB in a meeting held with officials of FCS&CA, Agriculture and Revenue Department as well as representatives of the procurement agencies. The State government has set a target to procure 10 lakh MT paddy at Minimum Support Price (MSP) from farmers to give them a major financial relief and make agriculture economically more viable.