Extension of MIS for apple procurement in J&K approved

The Union Cabinet approved the extension of the Market Intervention Scheme (MIS) for apple procurement in J&K for the current season (2020-21) also on the same terms and condition as was done during the last season (2019-20), according to an official statement.

Daily Current Affairs Quiz 2020

Key-Points

The procurement of apple will be done by Central Procuring Agency i.e. National Agricultural Cooperative Marketing Federation ltd. (NAFED) through State Designated Agencies directly from apple farmers of J&K.

The payment will be made through Direct Benefit Transfer (DBT) into Bank account of apple farmers. 12 LMT of apples can be procured under this scheme.

National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is an apex organization of marketing cooperatives for agricultural produce in India.

It was founded on 2 October 1958. It is registered under Multi State Co-operative Societies Act. It is Headquartered in New Delhi.