The “CM Assure” program, a market intervention effort to support farmers experiencing drops in prices for non-perishable crops, was approved by the Meghalaya Cabinet on Friday. The program is intended to help farmers during market downturns by offering them set procurement prices for their non-perishable agricultural products. In order to sustain revenues and avoid distress sales, the effort focuses on crops with longer shelf lives, like areca nut, ginger, and turmeric.
The Meghalaya State Agriculture Marketing Board will supervise execution, and a state-level committee will keep an eye on market prices to decide whether to activate the program. To guarantee prompt assistance, payments to farmers will be delivered directly through Direct Benefit Transfer (DBT). Important products like arecanut and broom grass had sharp price drops last year, which led the government to give them priority during the scheme’s initial rollout.
The program, which is anticipated to help more than 20,000 farmers, is a calculated attempt to strengthen Meghalaya’s agricultural industry’s resilience. Information about procurement costs and other procedures will be made public later by the Department of Agriculture and Farmers’ Welfare. The Government of Meghalaya is taking this effort as a calculated move to build a more robust agricultural industry that can survive changes in the market. CM-ASSURE seeks to improve the financial stability of small and marginal farmers throughout the state by concentrating on non-perishable crops.
