The Centre has now directed all the States and Union Territories to implement the Market Intervention Scheme to ensure good prices for perishable crops.
About:
The Market Intervention Scheme is meant to protect the growers of perishable commodities from making distress sales, especially at times when prices fall below the cost of production.
The scheme can be invoked by a State which is willing to bear half the losses of procurement, with the remainder being borne by the Centre, whenever there is a 10% fall in ruling market prices in comparison to the previous normal year.
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
