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CABINET APPROVES EXTENSION OF THE MARKET INTERVENTION SCHEME FOR PROCUREMENT OF APPLES IN JAMMU AND KASHMIR FOR THE YEAR 2020-21

CABINET APPROVES EXTENSION OF THE MARKET INTERVENTION SCHEME FOR PROCUREMENT OF APPLES IN JAMMU AND KASHMIR FOR THE YEAR 2020-21

Context

Union Cabinet 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.

Details

The procurement of apple will be done by Central Procuring Agency i.e. National Agricultural Cooperative Marketing Federation ltd. (NAFED) through State Designated Agency i.e. Directorate of Planning and Marketing, Department of Horticulture & Jammu & Kashmir Horticulture Processing and Marketing Corporation (JKHPMC), directly from apple farmers of J&K and the payment will be made through Direct Benefit Transfer (DBT) into Bank account of apple farmers.

About Market Intervention Scheme (MIS)

  • It  is implemented at the request of State Governments for procurement of perishable and horticultural commodities in the event of fall in market prices.
  • It is implemented when there is at least 10% increase in production or 10% decrease in the ruling rates over the previous normal year.
  • Proposal of MIS is approved on the specific request of State/UT Government, if the State/UT Government is ready to bear 50% loss (25% in case of North-Eastern States), if any, incurred on its implementation.                                     
  • Under MIS, funds are not allocated to the States. Instead, the central government 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.

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