Noun
a government subsidy used to maintain prices at a certain level
Source: WordNetThe state government, between October 2017 and February 2018, procured around 8.30 lakh tonnes of groundnut through Nafed under the price support scheme (PSS), as the state had witnessed a bumber crop of 32 lakh tonnes. Source: Internet
Produce when harvested gets lost due to poor storage technologies, absence of a price support system, infrastructure deficits, poor market access and pests. Source: Internet