Current Context: The Ministry of Agriculture & Farmers Welfare (MoA&FW) revised the Market Intervention Scheme (MIS) guidelines on February 10, 2025.
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- Here are the key changes:
- Increased Procurement Limit: The procurement limit has been raised from 20% to 25% to better support farmers.
- Direct Benefit Transfers: Farmers will now receive payments directly into their bank accounts, ensuring quicker and more transparent transactions.
- Expanded Procurement Agencies: More agencies will be involved in the procurement process to make it more efficient and accessible.
- These revisions aim to provide better support to farmers by ensuring they get remunerative prices for their perishable crops, especially during times when market prices fall below a certain level.
Question:
1. What change has been made to the procurement limit under the revised Market Intervention Scheme (MIS) guidelines?
- A) Increased from 15% to 20%
- B) Increased from 20% to 25%
- C) Decreased from 20% to 15%
- D) Decreased from 25% to 20%