Central sector scheme for promotion of
National Agricultural Market approved
The Cabinet Committee on Economic Affairs approved a central sector scheme for the promotion of a National Agricultural Market through the Agri-Tech Infrastructure Fund on July 2, 2015.25 The scheme will be set up through the Small Farmers Agribusiness Consortium by creating a common electronic platform for farmers. The scheme, among other things aims to: (i) promote reform in the agriculture marketing sector, (ii) promote the free-flow of agricultural commodities across the country, (iii) improve access to market related information and better price discovery through a more efficient and competitive marketing platform, and (iv) increase access to markets through warehouse based sales. The scheme has been allocated Rs 200 crore for the period 2015-16 to 2017-18. It aims to cover 585 regulated markets across the country in this period. In addition, the Department of Agriculture and Co-operation will give a onetime grant of Rs 30 lakh per mandi for the purpose of setting up equipment and infrastructure under the scheme. Big private mandis will also be allowed to participate in the scheme, but will not be supported by such grants. States and union territories are mandated to undertake the following reforms in order to be eligible to receive funds for the scheme: (i) create a single license which will be valid across the state, (ii) a single point levy of market fee, and (iii) provide for electronic auctions to enable price discovery
The Cabinet Committee on Economic Affairs approved a central sector scheme for the promotion of a National Agricultural Market through the Agri-Tech Infrastructure Fund on July 2, 2015.25 The scheme will be set up through the Small Farmers Agribusiness Consortium by creating a common electronic platform for farmers. The scheme, among other things aims to: (i) promote reform in the agriculture marketing sector, (ii) promote the free-flow of agricultural commodities across the country, (iii) improve access to market related information and better price discovery through a more efficient and competitive marketing platform, and (iv) increase access to markets through warehouse based sales. The scheme has been allocated Rs 200 crore for the period 2015-16 to 2017-18. It aims to cover 585 regulated markets across the country in this period. In addition, the Department of Agriculture and Co-operation will give a onetime grant of Rs 30 lakh per mandi for the purpose of setting up equipment and infrastructure under the scheme. Big private mandis will also be allowed to participate in the scheme, but will not be supported by such grants. States and union territories are mandated to undertake the following reforms in order to be eligible to receive funds for the scheme: (i) create a single license which will be valid across the state, (ii) a single point levy of market fee, and (iii) provide for electronic auctions to enable price discovery
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