The Economic Survey 2014-15 emphasised on the need to set up a national-level common Agricultural Produce Market Committees (APMCs) for both buying and selling of agri-commodities across the country.
“One of the most striking problems is how unitegrated and distortions-ridden are our agricultural markets. India Needs a national common market for agricultural commodities by making the APMCs just one among many options available for the farmers to sell their produce," the Survey stated..
Read our full coverage on Union Budget
Barring Bihar and Kerala, all states have their own APMCs that are governed by the respective state governments. The state governments have scrapped APMCs and therefore, agricultural outputs are sold freely in these states.
“The government aims to bring entire commodities across the commodity under one roof without any restriction of state boundaries. The proposal is important, but implementation will be crucial,” said an analyst.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.