New Delhi : The central government on Wednesday introduced a set of ordinances to create a national market for farm produce and allow contract farming to protect farmers from price risks with the aim of helping them improve earnings and boost investments in agriculture.
These steps are expected to create borderless markets for millions of Indian farmers and achieve the government’s goal of doubling farm incomes by 2022.
As part of its plan, the cabinet approved the ‘Farming Produce Trade and Commerce (Facilitation and Promotion) Ordinance, 2020’, which will pave the way for ‘One India, one agriculture market’. The ordinance aims to create an environment of barrier-free trade within and between states, and allows farmers to sell their produce to any buyer in the country, including on electronic platforms.