The cabinet in its meeting on Wednesday is likely to discuss new minimum support price (MSP) options as well as approve 25 percent increase in ethanol prices.
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There are three options for the new MSP scheme:
1) Market assurance scheme which is decentralized procurement and disposal by state agencies
2) Price deficiency and payment scheme
3) Allowing private agencies to procure in co-ordination with government agencies including Food Corporation of India (FCI) and National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED).