Sohra (Meghalaya), Jan 10: In a major boost to Meghalaya’s agricultural sector, the Cabinet has approved the CM-ASSURE scheme, a market intervention initiative designed to support small and marginal farmers in the state. This scheme aims to tackle the challenges of price volatility, particularly during market downturns, by providing a safety net for farmers.
The CM-ASSURE scheme will offer distress relief by ensuring that farmers receive a fixed procurement price for their non-perishable agricultural produce when market prices plummet. This proactive measure seeks to prevent distress sales and stabilize farmers’ incomes, ultimately enhancing the stability of agricultural incomes in Meghalaya.
Key Highlights of the CM-ASSURE Scheme:
Non-Perishable Focus : The scheme specifically targets non-perishable commodities with longer post-harvest shelf life.
Fixed Procurement Price: Farmers will receive a fixed procurement price for their non-perishable produce when market prices fall significantly.
Distress Relief : The scheme aims to provide relief to farmers during periods of market downturns, preventing distress sales and stabilizing their incomes.
By approving the CM-ASSURE scheme, the Cabinet has demonstrated its commitment to supporting Meghalaya’s agricultural community and ensuring their economic stability.
