The Union Cabinet on October 21, 2020 approved the extension of Market Intervention Scheme (MIS) for apple procurement in Jammu and Kashmir (J&K) for the current season also i.e. 2020-21 on the same terms and condition as was done in J&K during last season i.e. 2019-20.
- The procurement of apple will be done by Central Procuring Agency i.e. National Agricultural Cooperative Marketing Federation ltd. (NAFED) through State Designated Agency and also directly from apple farmers of J&K and the payment will be made through Direct Benefit Transfer (DBT) into Bank account of apple farmers.
- 12 LMT of apples can be procured under this scheme.
What is Market Intervention Scheme?
- The Market Intervention Scheme (MIS) is an ad-hoc scheme under which are included horticultural commodities and other agricultural commodities which are perishable in nature and which are not covered under the minimum price support scheme.
- In order 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, Government implements M.I.S. for a particular commodity on the request of a State Government concerned.
- Losses suffered are shared on 50:50 basis between Central Government and the State.
(PIB)
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