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India attempts to revive farm reforms, unveils draft policy

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NABARD ARDNABARD Grade A
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The Centre unveils the draft “National Policy Framework on Agricultural Marketing“ so that farmers can find their market of choice and secure the highest price for their produce.

India attempts to revive farm reforms, unveils draft policy 1
Credit: Business Line

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The policy envisages introducing reforms in agriculture against the backdrop of farmers’ protests demanding the legalization of Minimum Support Prices (MSP).

  • The said policy should therefore be constructed to constitute an ecosystem of efficient marketing, with inequalities held through multi-channel marketing and transparency with infrastructure in place as well as innovative digital technology along with agri-value chain-based marketing.
  • Open to public feedback until December 10 by the Centre.
  • Consultations shall determine how an existing procurement system under MSPs shall be achieved.
  • This policy also anticipates a further integration of more numbers of markets – collection centers, aggregation points, private markets, deemed markets, GrAMs, FPO premises, Common Agribusiness Centre and Market Place (CACMP) premises, and APMC markets (mandis) with an eNAM portal.

Source: Business Line

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