Market Intervention Scheme
The Market Intervention Scheme (MIS) is similar to MSP, which is implemented on the request of state governments for procurement of perishable and horticultural commodities in the event of fall in market prices. The scheme is implemented when there is at least a 10 percent increase in production or a 10 percent decrease in the ruling rates over the previous normal year. Proposal of MIS is approved on the specific request of the state/UT governments if the states/UTs are ready to bear 50 percent loss (25 percent in case of North- Eastern states) incurred on its implementation.
In 1966–67, the Government of India announced a ‘procurement price’ for wheat, a bit higher than its MSP (the purpose being
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