Revised Market Intervention Scheme (MIS) Guidelines:
The Government has revised the Market Intervention Scheme (MIS) guidelines, increasing the procurement limit from 20% to 25% and expanding procurement agencies.
Revised Market Intervention Scheme (MIS):
- Increased Procurement Limit: Procurement coverage raised from 20% to 25% of total production.
- Direct Benefit Transfer (DBT) Option: States can now pay farmers directly for the price difference between the Market Intervention Price (MIP) and market price.
- Expanded Procurement Agencies: Farmer Producer Organizations (FPOs), Farmer Producer Companies (FPCs), State-nominated agencies, and Central Nodal Agencies (NAFED, NCCF) will procure TOP (Tomato, Onion, Potato) crops.
- Reimbursement of Storage & Transport Costs: Central Nodal Agencies (CNA) will reimburse costs for transporting crops from producing to consuming States.