The government has approved allocation of Rs.200 crore for setting up an online national agriculture market by integrating 585 wholesale markets in the next three years. This move will provide greater access of the farmers to market related information and better price discovery through a more efficient, transparent and competitive marketing platform.
“Now there will be one licence for entire state, there will be single point levy. There will be electronic auctions for price discovery. The impact will be that the entire state will become a market and the fragmented markets within the states would be abolished,“ FM Arun Jaitley said.
He added that because of this initiative seamless transfer of agriculture commodities within the state can take place. Moreover, the market size for farmers would increase as he won't be limited to a captive market.
Agriculture secretary Siraj Hussain said Madhya Pradesh, Chhattisgarh, Odisha, Jharkhand and Gujarat have already agreed to join the scheme, while Maharashtra and Andhra Pradesh are “very keen“ to participate. Besides, the Centre is also in discussions with UP.
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