Create a separate fund of regulatory fee cut for farmers: Sebi to exchanges

The move aims to deepen participation of farmers and FPOs in agri commodity futures

Market regulator Securities and Exchange Board of India (Sebi) on Wednesday directed stock exchanges dealing in agri commodities to create a separate fund, from the amount exchanges are saving with reduction in the regulatory fee, for the benefit of farmers and Farmers Producers Organisations (FPOs).

In order to reduce the cost burden on farmers, the regulator had earlier announced a cut in regulatory fee to a flat Rs 100,000 for stock exchanges for farmers and FPOs trading in agri commodities as against turnover based fee for others in all segments. The cut in regulatory fee helped deepen participation of farmers