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DAILY NEWS ANALYSIS
13 May, 2020
5 Min Read
APMC amendments
Part of: GS-III- Economy -Agriculture (PT-MAINS-PERSONALITY TEST)
Recently, Gujarat’s state government has cleared the Gujarat Agricultural Produce Markets (Amendment) Ordinance 2020, earlier it was conducted by MP gov. It has ended the monopoly of state-run Agricultural Produce Market Committees (APMCs) and has allowed private entities to set up their own market committees or sub-market yards.
Highlights of the Ordinance
Agricultural Produce Market Committee
It is a statutory market committee constituted by a State Government in respect of trade in certain notified agricultural or horticultural or livestock products, under the Agricultural Produce Market Committee Act issued by that state government.
**Agriculture is a state subject.
The Ministry of Agriculture, formulated a model law on agricultural marketing, State Agricultural Produce Marketing (Development and Regulation) Act, 2003 and requested the state governments to suitably amend their respective APMC Acts. Union Budgets of 2014-15 and 2015-16 had suggested the creation of a National Agricultural Market (NAM) following which e-NAM was launched on 14th April 2016 as a pan-India electronic trade portal to link APMCs across the States.
Source: IE
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