14) Market Intervention Scheme Flashcards
1
Q
What is Market intervention scheme ?
A
It is a price support mechanism implemented on the request of State Govts
2
Q
Who implements this scheme ?
A
Dept of Agriculture and Cooperation
3
Q
What happens in MIS ?
A
Procurement of perishable and horticultural commodities in the event of a fall in market prices
4
Q
Criteria ?
A
When there is atleast 10% increase in production or 10% decrease in the ruling rates over the previous normal year
5
Q
Objective ?
A
To protect the growers of horticultural/ agricultural commodities from marketing distress sale in the event of bumper crop during the peak arrival period when prices fall to a very low level
6
Q
Does Central Govt fund ?
A
NOOO, but it shares the loss burden of States by 50%
