• MIS is a price-support mechanism for perishable agricultural and horticultural commodities that are not covered under MSP procurement.

  • It is implemented at the request of State/UT Governments.

  • It seeks to prevent distress sales when bumper production causes prices to collapse.

  • It is different from the regular MSP mechanism.

  • The scheme is part of PM-AASHA.

  • Recent reforms include a Price Differential Payment component and support related to transportation/storage of TOP crops—Tomato, Onion and Potato.

  • MIS generally becomes relevant when there is a substantial increase in production or a significant fall in market prices. (Indian Economic Service)

Key Pointers

  • Full form: Market Intervention Scheme

  • Target: Perishable agricultural/horticultural commodities

  • Problem addressed: Distress sale

  • Related scheme: PM-AASHA

  • Difference from MSP: MIS is an intervention mechanism for selected perishables rather than the standard MSP procurement system.

  • TOP: Tomato + Onion + Potato