Key Highlights:
- Unified National Market:
- Create a single licensing and registration system across states.
- Single Fee System:
- Removing disturbance of many fees on different levels for better agricultural trade.
- Private Market Reforms:
- Open private wholesale markets to improve competition and access to markets.
- Direct Farm-Gate Purchase:
- Enable processors, exporters, organized retailers, and bulk buyers to buy produce directly from farm-gate.
- Storage Facilities as Markets:
- Declare spaces like warehouses, silos, and cold storages as “markets” within the ambit of agricultural marketing.
- Digital Transformation in Agricultural Marketing:
- Establish private e-trading platforms, digital public infrastructures using blockchain, AI, and machine learning.
- Blockchain is a distributed database that records transactions and tracks assets across a network of computers. It’s also known as Distributed Ledger Technology (DLT).
- Machine learning (ML) is a subset of artificial intelligence (AI) that allows machines to learn and improve from experience without being explicitly programmed.
- Establish private e-trading platforms, digital public infrastructures using blockchain, AI, and machine learning.
- Farmer-Centric Approaches:
- Transform agricultural markets into being more opened and profitable for farmers.
- Sustainability and Efficient Practices:
- Lower transaction costs, deregulate perishables, and facilitate cross-state agricultural trade.
- Taking and Future Roadmap for Implementation:
- Legislate changes at the national level and partner with state governments.
- Aim of Proposal:
- Establish a vibrant market system for farmers that can able to provide access to form produce’s good markets.
