Subsidy is the ____ provided by the government to the producer to cover the market price of a commodity.

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Subsidy is the payment provided by the government to the producer to cover the market price of a commodity.
Government payments made to producers that complement the market price of a good are known as subsidies. It contributes to maintaining low consumer costs while giving producers a sizable revenue. The administration has also made MSP available. MSP, or Minimum Support Price, refers. The government purchases the excess food grains from the farmers at a predetermined and publicised price. Stock buffers are made using the profits that were obtained. MSP encourages farmers to grow both high-quality and abundant crops. Additionally, it promotes the development of grains with higher and better quality.

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