The state government has given approval for the implementation of Market Intervention Scheme (MIS) for the procurement of processing grade mangoes in 2018.
• Procurement will be done through the HPMC and HIMFED
• These agencies will be allowed handling charges at Rs 1.30 per kg.
• At least 34 fruit collection centres will be opened under the scheme.
• The HPMC and HIMFED would coordinate on the basis of procurement data for the last three to five years.
BACKGROUND
Market Intervention Scheme (MIS) is a price support mechanism implemented on the request of State Governments for 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.
Implementation of MIS
The Department of Agriculture & Cooperation is implementing the scheme. Under MIS, funds are not allocated to the States. Instead, central share of losses as per the guidelines of MIS is released to the State Governments/UTs, for which MIS has been approved, based on specific proposals received from them.