Rapid Fire
Revised MIS Guidelines
- 15 Feb 2025
- 1 min read
The government has revised Market Intervention Scheme (MIS) guidelines to encourage more States to implement MIS.
- MIS supports perishable crops (fruits, vegetables, spices, etc.) that are not covered under MSP, preventing distress sales during price drops from excess production.
- Revised Provisions of MIS:
- Made MIS a component of the integrated scheme of PM-AASHA.
- MIS is activated only if market prices fall by at least 10% from the previous normal year.
- The coverage limit for procurement has been raised from 20% to 25% of total production.
- Instead of physical procurement, states can transfer the price difference between the Market Intervention Price (MIP) and the selling price directly to farmers' bank accounts.
- NAFED and NCCF will reimburse storage and transport costs for TOP crops (tomato, onion and potato) when price gaps exist between producing and consuming states.
- FPOs, FPCs, and state-nominated agencies will handle procurement, storage, and transport to stabilize market fluctuations.
Read More: Measures for Farmers' Welfare
