Learn How MIS-PSS Protects Farmers And Promotes Agricultural Stability
Updated: 28-01-2025 at 6:33 AM
1k
Market Intervention Scheme and Price Support Scheme (MIS-PSS) were introduced to cover those perishable and horticultural goods that are not covered under Minimum Support Price (MSP). It was implemented to protect the farmers from suffering from any loss or distress. This govt scheme is made to support farmers; we will understand how in this article.
What Is Market Intervention Scheme and Price Support Scheme (MIS-PSS)?
Minimum Support Price (MSP) is an initiative introduced by the government to help farmers. MSP is a minimum price at which the government buys crops from the farmers. MSP helps farmers get a stable income even if the market prices are fluctuating.
MIS-PSS schemes are a type of price support system introduced by the government to help farmers during distress sales. If the prices fall in the market, farmers won’t have to worry about it too much as perishable and horticultural commodities will be purchased by the state governments.
Even if the prices are very low, the state governments will purchase the crops from the farmers at remunerative prices. This helps farmers be at ease of mind and not face extreme losses.
Minimum Support Price (MSP) is determined by the government based on production costs, market conditions, etc. Whereas, MIS-PSS covers a variety of commodities such as cereals, pulses, oilseeds, etc. which are not covered by MSP. Both MSP and MIS-PSS aim to help farmers get fair remunerations.
Objectives of MIS-PSS Scheme
The key objectives of MIS-PSS scheme includes
-
Protection of farmers
-
Stabilise incomes of farmers
-
Reduce distress sales
-
Stabilise agricultural prices
-
Encourage production
-
Economic stability
Benefits of Market Intervention Scheme and Price Support Scheme (MIS-PSS)
The key benefits of Market Intervention and Price Support Scheme includes
-
When prices of goods fall below the minimum support price, the State and the Central government are informed and they will procure the goods directly from the farmers.
-
They buy the commodities from the farmers at MSP rates.
-
PSS leads to larger production and smaller consumption.
-
The consumption will decrease and the price will increase.
Eligibility Criteria: Who Can Apply for the Market Intervention Scheme and Price Support Scheme (MIS-PSS)
The eligibility criteria for applying to MIS-PSS scheme includes
-
The loss will be shared equally between the Central government and the State/UT government.
-
The loss will be shared on a 75:25 basis, with the Central government covering 75% and the rest 25% by the State government.
How To Apply For Market Intervention Scheme and Price Support Scheme (MIS-PSS): A Step-by-Step Guide
Follow the steps given below to apply to MIS-PSS.
-
Get the application format from the PSS official website.
-
Fill out the form.
-
Submit the required documents.
-
Submit the application form.
-
Wait for the application to be approved.
Documents Required For MIS-PSS Application
The essential documents needed while applying for MIS-PSS application includes
-
Identification proof
-
Land documents
-
Bank account details
-
Agricultural certificate
-
Income certificate
-
Photographs
Conclusion
MIS-PSS are vital schemes that will help stabilise agricultural prices. These schemes also protect farmers by giving them fair remunerations for any loss that might affect them. It also helps promote and stabilise farmers' incomes and rural economic stability.
To learn more about MIS-PSS, visit the official website of the Department of Agriculture and Farmers Welfare.
Frequently Asked Questions
0
0
1k
0
0
1k Views
0
No comments available
Our Company
Home
About
T&C
Privacy Policy
Eula
Disclaimer Policy
Code of Ethics
Contact Us
Cancellation & Refund Policy
Categories
Women
Insurance
Finance
Tax
Travel
Transport & Infrastructure
Food
Entertainment
Communication
Government ID Cards
E-commerce
Traffic guidelines
Miscellaneous
Housing and Sanitation
Sports
Startup
Environment and Safety
Education
Agriculture
Social cause
Disclaimer: Jaagruk Bharat is a private organization offering support for documentation and government scheme access. We are not affiliated with any government body. Official services are available on respective government portals. Our goal is to make processes easier and more accessible for citizens.
Jaagruk Bharat with its team work tirelessly to bring all government schemes, Sarkari Yojanas, policies and guidelines to you in a simplified and structured format.
Our team is at the forefront of gathering, verifying and breaking all central government and state government regulations uncomplicatedly.
Our mission and vision are to make the common citizen of India aware of all government-laid-out rules and policies in a single place. Thus, we Jagruk Bharat have created an all-inclusive portal for 1.5 billion Indian citizens to understand, utilize and avail benefits of govt schemes and policies and by bringing them under one roof.
Jaagruk Bharat (जागरूक भारत) is a one stop centralised destination where you can effortlessly find, understand, and apply for various government schemes. We are committed to ensuring transparency and empowering Indian citizens. Our goal is to keep India Jagruk about government policies, the latest news, updates, and opportunities.
All Copyrights are reserved by Jaagruk Bharat