“INCENTIVES PROPOSED FOR MODERNISING AGRICULTURAL MARKETING”
Why in the news?
- The Economic Survey recommends financial incentives for states to modernise agricultural marketing.
- 15th Finance Commission suggests providing ₹50,000 crore in incentives to states for modernising agricultural marketing.
- Encourage adoption of agricultural reforms and improvement in infrastructure.
- Implementing e-National Agriculture Market (e-NAM), supporting Farmer Producer Organizations (FPOs), and enhancing market infrastructure.
source:scribd
Government Initiatives for modernising agricultural marketing:
- Urea Subsidy: Supports farmers with urea subsidies.
- Agriculture Export Policy, 2018: Facilitates agricultural product exports.
- PMFBY: Crop insurance for financial protection.
- AGRI-UDAAN: Mentors agri-startups and investors.
- PMKSY: ₹50,000 crore for irrigation development.
- Food Processing Expansion: Tripling sector capacity, ₹6,000 crores committed.
- 100% FDI: Allowed in food marketing and e-commerce.
- e-RaKam: Platform for selling agricultural produce.
- e-NAM: Unified national market for agricultural commodities.
- PM-AASHA: Ensures remunerative prices for farmers.
- PM-KISAN: Direct income support to farmers.
- Farm Laws 2020: Reforms for market access and trade liberalisation.
About Farmer Producer Organizations (FPOs):
About e-National Agriculture Market (e-NAM):
Features:
Benefits:
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