Market Intervention Scheme:
The Union Agriculture Ministry announced the procurement of 20 lakh metric tonnes (LMT) of potatoes under the Market Intervention Scheme (MIS).
- It is a component of the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA).
- It is implemented on the request of the State/UT Government for the procurement of various perishable agricultural commodities such as Tomato, Onion and Potato etc. for which Minimum Support Price (MSP) is not fixed.
- Objective is to intervene the market to protect the growers of their commodities from making distress sale in the event of a bumper crop during the peak arrival period when the prices tend to fall below economic levels and cost of production.
- The amount of loss is shared on 50:50 basis between the Central government and the State government (on 75:25 basis in case of North-Eastern States)
- Implementation: By Department of Agriculture and Farmers Welfare
- MIS will be implemented only when:
- There is a minimum reduction of 10% in the prevailing market price as compared to the previous normal year.
- The procurement/coverage limit of production quantity of crops is 25 percent.
