News: The Government of India has revised the Market Intervention Scheme (MIS) guidelines, increasing the procurement limit of crops under MIS from 20% to 25% and introducing new provisions to encourage more States to implement the scheme.
About Market Intervention Scheme (MIS)
- MIS is a component of the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA).
- It is implemented to support farmers when market prices of perishable agricultural/horticultural commodities fall below a certain level.
- The scheme is applicable to crops that do not have a Minimum Support Price (MSP), such as tomato, onion, and potato (TOP crops).
- MIS is implemented on the request of State/UT Governments when the market price reduces by at least 10% compared to the previous normal season.
Objectives of the Market Intervention Scheme (MIS)
- To protect farmers from distress sales in case of price crashes.
- To ensure farmers receive a fair price for perishable crops not covered under MSP.
- To stabilize market prices and ensure sufficient supply of essential commodities.
- To support farmers through direct benefit transfers or procurement mechanisms.
- To improve coordination between producing and consuming States for better price realization.
