The minimum support price for foodgrains was introduced in the Year . 

Correct option is B

The correct answer is: (B) 1966-67

Explanation:
The Minimum Support Price (MSP) for foodgrains was introduced in the 1966-67 period as part of India's agricultural policy. The MSP was introduced to ensure that farmers received a guaranteed price for their crops, particularly foodgrains like wheat and rice, to encourage production and safeguard against market fluctuations. It was initially introduced for wheat, and over time, the MSP has been extended to other crops as well.

Information Booster:

• The introduction of MSP coincided with the Green Revolution in India, which aimed to boost agricultural productivity through the use of high-yielding variety seeds, fertilizers, and modern farming techniques.

• The MSP provides a safety net for farmers by ensuring that they get a fair price for their produce, reducing the risks of agricultural price volatility.

• The MSP is recommended by the Commission for Agricultural Costs and Prices (CACP) and is announced by the Government of India before each planting season.

• The MSP system has played a critical role in enhancing food security in India and ensuring stable food prices.