The MIS is an ad-hoc scheme implemented at the request of a Stategovernment/UTs which is ready to bear 50 per cent of the loss(25 per cent in case of North eastern States), if any, incurred on itsimplementation. Under the scheme, in accordance with MIS guidelines,a pre-determined quantity at a fixed Market Intervention Price (MIP)is procured by NAFED as the Central Agency and the agenciesdesignated by the State government for a fixed period or till the pricesare stabilized above the MIP whichever is earlier. The scheme is alsoknown as “Revolving Fund and Floor Price Scheme for agricultural /horticultural commodities in Karnataka”. The present study wasundertaken to assess the benefits of MIS accrued to redgram andbengalgram growers in the North Eastern Karnataka which is knownas pulse bowl of Karnataka. The study revealed that MIS price wasfound to be higher by 20.38 per cent over market price for redgramand 12.28 per cent for bengalgram. Thus, the operation of MIS duringthe period of fall in the market price below MSP level was justified