Market Intervention Price Scheme

GS-II: Market Intervention Price Scheme

News

Kashmir’s famed apple is battling to get exported outside the State this year as militants are campaigning against the fruit’s trade.
The government is planning to procure almost 12 lakh metric tonnes of apples this season, under the MISP, with the help of the National Agriculture Cooperative Marketing Federation of India (NAFED).

About the Market Intervention Price Scheme:

MIP is a price support mechanism implemented at the request of State Governments for the procurement of perishable and horticultural commodities in the event of a fall in market prices.
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.
MIP works in a similar fashion to the Minimum Support Price-based procurement mechanism for food grains but is an Adhoc mechanism.
Its objective is to protect the growers of these horticultural/agricultural commodities from making distress sales in the event of bumper crops during the peak arrival period when prices fall to a very low level.
Thus it provides remunerative prices to the farmers in case of glut in production and fall in prices.

Implementation of MIS:

The Department of Agriculture & Cooperation is implementing the scheme.
Under MIP, funds are not allocated to the States.
Instead, the 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.

Procurement:

Under the Scheme, a pre-determined quantity at a fixed Market Intervention Price (MIP) is procured by NAFED as the Central agency and the agencies designated by the state government for a fixed period or till the prices are stabilized above the MIP whichever is earlier.
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, galangal, grapes, mushrooms, clove, black pepper, pineapple, ginger, red chillies, coriander seed etc.

Source: THE HINDU

Join Our Telegram

Centre to bring ordinance to ban e-cigarettes in country

United Nation Human Rights Council (UNHRC)

Formation Day

03 Dec, 25
SHARE

On 1st November, eight Indian states—Andhra Pradesh, Chhattisgarh, Haryana, Karnataka, Kerala, Madhya Pradesh, Punjab, and Tamil Nadu—along with five Union Territories—Andaman and Nicobar Islands, Chandigarh, Delhi, Lakshadweep, and Puducherry—celebrate their Formation Day. This date marks an important milestone in India

Turtle (Kachhua) Wildlife Sanctuary

02 Dec, 25
SHARE

The Turtle Wildlife Sanctuary, also known as the Kachhua Sanctuary, is located in the Varanasi district of Uttar Pradesh. It is recognised as India’s first freshwater turtle wildlife sanctuary, established to conserve endangered turtle species and support the ecological health of the Ganga River. Location and Extent The sanctuary co

Introduction of AI and Computational Thinking (CT) in

02 Dec, 25
SHARE

The Ministry of Education plans to introduce Artificial Intelligence (AI) and Computational Thinking (CT) from Class 3 onwards in the 2026–27 academic year. This initiative is part of the National Curriculum Framework for School Education (NCF-SE) 2023 and aligns with the National Education Policy (NEP) 2020. The aim is to prepare student

Sal Tree

02 Dec, 25
SHARE

Scientists from the Environment Department of Himachal Pradesh University (HPU) in Shimla have recently revealed that the Sal tree (Shorea robusta) is the most effective natural air purifier for combating rising pollution levels. Their findings highlight the tree’s superior capacity to trap dust, absorb gases, and cleanse the air compared

US Resumes Nuclear Weapon Testing

02 Dec, 25
SHARE

The President of the United States has ordered the resumption of nuclear weapon testing after a gap of 33 years, the last test being in 1992. This decision marks a significant shift in global nuclear policy and has far-reaching implications for geopolitics, the environment, and international security. Status of Global Nuclear Weapon Testing