The Agriculture Ministry has increased the procurement limit under the Market Intervention Scheme (MIS) from 20% to 25%. The revision aims to encourage more states to implement MIS, ensuring better price support for farmers selling perishable crops like tomatoes, onions, and potatoes.
Image credit: Freepik
The Agriculture Ministry has revised the Market Intervention Scheme (MIS) guidelines, increasing the procurement limit of crops from 20% to 25%. The revision aims to encourage states to implement MIS effectively.
MIS is a component of the PM-AASHA scheme. It is implemented upon request from state or Union Territory (UT) governments to procure perishable agricultural and horticultural commodities like tomatoes, onions, and potatoes. These crops do not fall under the Minimum Support Price (MSP) system. The scheme applies when market prices drop by at least 10% compared to the rates in the previous normal season.
MIS ensures that farmers do not have to sell their produce at distress prices. By revising the guidelines, the government seeks to increase state participation in the scheme and provide better price support to farmers.
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