Government Approves Potato Procurement in UP Under Market Intervention Scheme (MIS)
Price Support for Farmers: The MIS Initiative in UP
The Central Government has approved the procurement of potatoes in Uttar Pradesh under the Market Intervention Scheme (MIS) for the 2025–26 season. This safety net ensures that farmers do not suffer losses due to excess supply and market price crashes.
Key Figures
- Procurement Price: Fixed at βΉ6.5 per kilogram.
- Target: Around 20 lakh metric tonnes will be procured across the state.
- Funding: The Government of India will provide βΉ203.15 crore in financial support.
- Broader Reach: The approval also extends to chickpea procurement in Andhra Pradesh and pigeon pea in Karnataka under similar price support models.
For Economy and Agriculture aspirants, this is an important topic under 'Agricultural Marketing' and 'Price Stabilization Schemes.'