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Published in:

Volume 7 Issue 10
October-2020
eISSN: 2349-5162

Unique Identifier

JETIR2010126

Page Number

955-962

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Title

Evaluation of 'The Farmers' Produce Trade and Commerce(Promotion and Facilitation)Act,2020

ISSN

2349-5162

Cite This Article

"Evaluation of 'The Farmers' Produce Trade and Commerce(Promotion and Facilitation)Act,2020", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 10, page no.955-962, October-2020, Available :http://www.jetir.org/papers/JETIR2010126.pdf

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Abstract

Agriculture is the backbone of rural economy in India. In 2018-19, the Gross Value Added (GVA) of agriculture and its allied sector was 15.87% of India's total GVA of 169.61 lakh crores INR. In 2018, 43.33%, of work force of India was engaged in this sector. It is natural that any policy regarding this sector, which is different from the approach until now will be open to debates and scrutiny. 'The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020, is a totally different approach towards increasing the farmers' income. The Act provides for the creation of an "ecosystem where farmers and traders have freedom of choice in the sale and purchase of farmers' produce'…which facilitates remunerative prices through competitive alternate channels’. The Act aims to promote, 'efficient, transparent and barrier free inter-state and intra-state, trade and commerce of farmers' produce outside the physical premises of markets. The provisions of the Act are good to hear on theoretical grounds, but on practical footing, it is like expecting the hungry horses to befriend the fodder on ethical grounds and spare it. It reflects that the Government considered agriculture subsidies as a burden and expects the private sector to accept this burden on their shoulders with a smile. This article counters the Act on a point to point basis and evaluate it with possible remedies towards improving the agricultural sector in India.

Key Words

Gross Value Added (GVA), agriculture, allied sector, ecosystem, theoretical, subsidies.

Cite This Article

"Evaluation of 'The Farmers' Produce Trade and Commerce(Promotion and Facilitation)Act,2020", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 10, page no. pp955-962, October-2020, Available at : http://www.jetir.org/papers/JETIR2010126.pdf

Publication Details

Published Paper ID: JETIR2010126
Registration ID: 301827
Published In: Volume 7 | Issue 10 | Year October-2020
DOI (Digital Object Identifier):
Page No: 955-962
ISSN Number: 2349-5162

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Cite This Article

"Evaluation of 'The Farmers' Produce Trade and Commerce(Promotion and Facilitation)Act,2020", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 10, page no. pp955-962, October-2020, Available at : http://www.jetir.org/papers/JETIR2010126.pdf




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