Updated: 22-12-2025 at 3:30 PM
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The agriculture sector is one of the most significant sectors of any nation, and it is also the most sensitive to various conditions, natural or man-made. The government initially launched the Minimum Support Price (MSP) mechanism to ensure that all farmers at least get a fixed sum for selling selected crops. However, those crops that do not fall into the MSP mechanism continued to face price crashes, which made farmers experience huge losses.
To resolve this issue, the government of India launched the Market Intervention Scheme and Price Support Scheme (MIS-PSS), which were introduced to cover those perishable and horticultural goods that are not covered under the Minimum Support Price. It was implemented to protect the farmers from suffering any loss or distress.
Read the article to learn more about the government scheme, ranging from its objectives and benefits to eligibility criteria and application process as laid out in the PSS guidelines 2025.
The table below summarises some key details about the Market Intervention Scheme that one should know.
| Name of the scheme | MIS-PSS |
|---|---|
| Full form | Market Intervention Scheme and Price Support Scheme |
| Market Intervention Scheme launch date | 1983-84 |
| Market Intervention Scheme under which ministry? | Ministry of Agriculture and Farmers Welfare |
| Objective | To cover those perishable and horticultural goods that are not covered under the Minimum Support Price |
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Minimum Support Price (MSP) is an initiative introduced by the government to help farmers. MSP is the 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. The price support scheme launch date was back in the year 1983-84.
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 in 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 remuneration.
There are several objectives of the Market Intervention Scheme and Price Support Scheme. Some of the key objectives of the government scheme are described below for one’s reference:
The primary objective of the Market Intervention Scheme and Price Support Scheme is to cover those crops that are not covered under the MSP mechanism so that even if market prices fluctuate, farmers can earn an assured income and avoid losses.
The Price Support Scheme is designed especially for perishable, horticultural, and other agricultural produce so that farmers can cultivate them freely without worrying about future losses due to fluctuating prices or sudden price crashes.
The government scheme helps farmers in getting an assured sum of money at the time of selling crops covered under this scheme. This helps farmers in maintaining the quality standard of living.
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The Market Intervention Scheme and Price Support Scheme have a range of benefits that farmers can enjoy. Some of the popular benefits of the scheme are as follows:
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.
Under this govt scheme, farmers can sell their produce and get fair remuneration through this scheme. This ensures that, irrespective of market conditions, farmers get paid fairly and avoid losses.
As this scheme protects farmers against losses, it leads to larger cultivation and production of crops without any worries about losses due to price fluctuations.
Individuals first need to fulfil the eligibility criteria for the scheme to reap its benefits. The eligibility criteria for the Price Support Scheme are as follows:
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.
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One can apply for the Price Support Scheme by following the steps mentioned below in a detailed stepwise manner for one’s better understanding:
Step 1: Please begin by downloading the application format from the PSS official website.
Step 2: Fill out the application form carefully and accurately.
Step 3: Attach the required documents along with the application form.
Step 4: Recheck the filled details in the form and ensure that everything is correct, and then submit the application form.
Step 5: Wait for the application to be approved.
Applicants are required to attach some supporting documents while applying for the scheme. The essential documents needed while applying for the MIS-PSS application include:
Land documents
Bank account details
Agricultural certificate
Photographs
The Market Intervention Scheme and Price Support Scheme are vital schemes that will help stabilise agricultural prices. The primary reason behind the launch of these schemes is to protect farmers by giving them fair remuneration for any loss that might affect them, and help them in maintaining a quality standard of living.
The Market Intervention Scheme and Price Support Scheme are excellent initiatives taken by the government for the welfare of farmers, as it targets one of the most crucial issues of price fluctuations that lead to losses. It also represents the government’s commitment to safeguarding the efforts of the farmers and toward the inclusive and healthy growth of the agricultural sector.
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