To reduce the losses faced by farmers due to the drop in prices of horticultural products, the government is running the ‘Market Intervention Scheme’ (MIS). The goal of this scheme is to ensure fair prices for farmers’ products and to secure their income despite market fluctuations.
What is the Market Intervention Scheme (MIS)?
The Market Intervention Scheme (MIS) is a joint initiative by the Central and State Governments. Its main purpose is to support farmers when the prices of horticultural and perishable agricultural products drop. Under this scheme, the government buys farmers’ produce at a minimum price, similar to the Minimum Support Price (MSP), ensuring they get fair value for their crops.
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Why is MIS Important?
- Financial security during price drops: Sometimes, due to excess supply, the prices of horticultural products fall, causing huge losses to farmers. MIS helps protect them from such losses.
- Protection from market fluctuations: Agricultural prices depend on weather, supply and demand, and other factors. This scheme safeguards farmers against these risks.
- Stability in the agriculture sector: Since the government purchases the produce, farmers receive a fair price, allowing them to plan better for the next crop season.
How Does This Scheme Work?
- The state government sends a proposal to the central government to implement MIS.
- The central government reviews and approves the proposal, providing financial support.
- State governments and agencies purchase farmers’ produce at a minimum price.
- Payments are made directly into farmers’ bank accounts.
- The purchased produce is stored properly and sold in the market at the right time.
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How Do Farmers Benefit?
- Assured minimum price: Farmers get a fair price, improving their financial stability.
- No middlemen: The government buys directly from farmers, ensuring they receive more profit.
- Storage facilities: Government storage prevents spoilage of perishable goods.
Which Products Are Covered?
Mango, onion, tomato, potato, apple, grapes, orange, banana, pomegranate, spices, and other horticultural products can benefit under this scheme, helping farmers increase their income.