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New law to provide alternative channel for farm produce sale
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SME Times News Bureau | 21 Sep, 2020
Aiming to double farmers' income
by 2022, the Modi government has enacted a new law to provide an
alternative channel for the sale of farm produce, apart from the agri
markets operated under Agricultural Produce Marketing Committee (APMC)
Acts of the respective states.
Under the new law, food grains
like wheat, rice, coarse grains, pulses, oilseeds, edible oils,
vegetables, fruits, nuts, spices, sugar cane, poultry, pigs, goats,
fish, and dairy products consumed by humans in natural or processed form
have been described as 'agricultural products'.
Meanwhile, the
area or place like farm gate, factory premises, warehouse, cellar, silo,
cold storage, that is, any other structure or place from where the
agricultural produce can be traded in the country has been categorised
as the 'Trade Area'.
But this does not include the 'mandis' or
market yard premises run by market committees constituted under the APMC
Acts. Apart from this, private market yards, private market sub-yards,
direct marketing collection centres and private farmers' consumer market
yards or premises arranged by the licensees shall not be included.
In
the new law, 'trader' means a person who purchases products for
wholesale, retail, end use, value addition, processing or manufacturing
within a state or inter-state, alone or with other partners.
The
Promotion and Simplification of Trade and Commerce of Farmer Produce,
Bill 2020 has been approved by Parliament. After the approval of the
President, it will become a law and replace the Promotion and
Simplification of Trade and Commerce of Farmer Produce, Ordinance 2020,
brought on June 5.
Under the new law, a farmer or trader or an
electronic trading and transacting platform shall have the freedom to
trade inter-state or within the state in agricultural produce in a
business or trade area.
However, no merchant other than farmer
producer organizations and agricultural cooperative societies will be
able to trade without any document, including PAN cards or any other
documents notified by the central government.
If necessary, in
public interest, the central government can determine the electronic
registration system, the mode of business transactions, and the method
of payment of scheduled agricultural produce for a trader in a business
area.
The law provides for payment of prices within three days of
the day of purchase of farmers' produce. In case of payment within
three days, the receipt will be given to the farmer on the same day,
with the payment outstanding on the receipt.
However, the central
government may make a separate process of payment by the Farmers'
producer organisations or agricultural cooperative society.
A
person holding a PAN card or any other document notified by the Centre, a
farming manufacturer's organisation or agricultural cooperative
society, will be able to trade by establishing or operating e-trade or
transaction platform to make the trade easy within the state or
inter-state.
The most important thing is that there will be no
charge on the trade of scheduled agricultural produce in the business
area covered under this law.
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As on 13 Aug, 2022 |
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