EDEN IAS

NEWS IMPULSE – THE FARMERS PRODUCE TRADE AND COMMERCE (Promotion and Facilitation) BILL,2020 | 18 SEPTEMBER

SOURCE – PIB

GS PAPER- 3


CONTEXTLok Sabha passes The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020

The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020

  • The new legislation will create an ecosystem where the farmers and traders will enjoy freedom of choice of sale and purchase of agri-produce. It will also promote barrier-free inter-state and intra-state trade and commerce outside the physical premises of markets notified under State Agricultural Produce Marketing legislations
  • More choices for the farmer, reduce marketing costs for the farmers and help them in getting better prices
  •  It will also help farmers of regions with surplus produce to get better prices and consumers of regions with shortages, lower prices.
  • The Bill also proposes an electronic trading in transaction platform for ensuring a seamless trade electronically.
  • The farmers will not be charged any cess or levy for sale of their produce under this Act. Further there will be a separate dispute resolution mechanism for the farmers.

One India, One Agriculture Market

  • The Bill basically aims at creating additional trading opportunities outside the APMC market yards to help farmers get remunerative prices due to additional competition.
  • This will supplement the existing MSP procurement system which is providing stable income to farmers.
  • It will certainly pave the way for creating One India, One Agriculture Market and will lay the foundation for ensuring golden harvests for our hard working farmers.

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