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Govt revises guidelines for Market Intervention Scheme, increasing procurement limit of crops to 25% from 20%
11-Feb-2025, 03:58
The agriculture ministry has revised guidelines for the Market Intervention Scheme (MIS), increasing the procurement limit of crops to 25% from 20%. The guidelines have been revised to encourage states to implement the MIS. The MIS is implemented on the request of the state/UT government for procurement of various perishable agricultural/horticultural commodities such as tomato, onion, potato, etc, for which minimum support price (MSP) is not applicable and there is a reduction of at least 10% in market prices in states/UTs as compared to the rates of the previous normal season.
The agriculture ministry has revised guidelines for the Market Intervention Scheme (MIS), increasing the procurement limit of crops to 25% from 20%. The guidelines have been revised to encourage states to implement the MIS. The MIS is implemented on the request of the state/UT government for procurement of various perishable agricultural/horticultural commodities such as tomato, onion, potato, etc, for which minimum support price (MSP) is not applicable and there is a reduction of at least 10% in market prices in states/UTs as compared to the rates of the previous normal season.
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