Testbook Current Affairs
Testbook Current Affairs
February 16, 2025 at 12:47 PM
_*Revised Market Intervention Scheme (MIS) Guidelines*_ *Why in News?* The central government has revised the Market Intervention Scheme (MIS) guidelines to improve procurement of perishable agricultural products. *About MIS:* * A government scheme for procurement of perishable commodities like tomato, onion, and potato when MSP does not apply. * It is activated when the market price drops by 10% compared to the previous normal year. *Revised Guidelines:* * MIS now part of PM-AASHA scheme. * Procurement limit increased from 20% to 25% of crop production. * Direct payment to farmers for the difference between Market Intervention Price (MIP) and selling price. * Operational cost (storage, transportation) will be reimbursed by NAFED and NCCF.
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