The Market Intervention Price Scheme

The Market Intervention Price Scheme

Overview: The government is planning to procure almost 12 lakh metric tonnes of apple this season, under the MISP.

Know about the Market Intervention Price Scheme:

1. It is a price support mechanism implemented on the request of State Governments.
2. It is for procurement of perishable and horticultural commodities in the event of a fall in market prices.
3. The Scheme is implemented when there is at least 10% increase in production or 10% decrease in the ruling rates over the previous normal year.
4. Its objective is to protect the growers of these horticultural/agricultural commodities from making distress sale in the event of bumper crop during the peak arrival period when prices fall to very low level.
5. The Department of Agriculture & Cooperation is implementing the scheme.

Who is Funding?:

• Under MIP, funds are not allocated to the States.
• Instead, central share of losses as per the guidelines of MIP is released to the State Governments/UTs, for which MIP has been approved, based on specific proposals received from them.

The area of operation is restricted to the concerned state only.

The MIS has been implemented in case of commodities like apples, kinnoo/malta, garlic, oranges, galgal, grapes, mushrooms, clove, black pepper, pineapple, ginger, red-chillies, coriander seed etc.