Which one among the following agricultural sectors is covered under the Market Intervention Scheme (MIS) of Indian Government?

Correct option is A

The Market Intervention Scheme (MIS) of the Indian Government primarily covers the horticulture sector. The scheme is designed to protect farmers from price fluctuations and to ensure that they receive a fair price for their produce during periods of excess supply.
· MIS is often used when the prices of agricultural produce fall below a certain level due to a glut in the market, ensuring that farmers are compensated fairly.
Important Key Points:
1. The Market Intervention Scheme (MIS) is targeted mainly at the horticulture sector.
2. It aims to protect farmers from distress sales due to price crashes in the market.
3. The scheme is similar to the Minimum Support Price (MSP) system for other crops but is specifically for perishable commodities.
4. MIS is implemented by the state governments in collaboration with central government agencies.
Information Booster:
· Horticulture: Involves the cultivation of fruits, vegetables, flowers, and ornamental plants.
· Market Intervention Scheme (MIS): Helps stabilize the prices of perishable crops, ensuring farmers are protected from severe price drops.