The term "Open Market Sale Scheme (OMSS)", recently seen in the news, refers to:
1
A program under which surplus government food grains are sold in the open market to moderate prices.
2
The purchase and sale of securities in the open market by the Reserve Bank of India to manage liquidity.
3
A scheme for direct procurement of grains from farmers at a fixed minimum support price (MSP).
4
An initiative aimed at distributing subsidised fertilisers to farmers during the sowing season.