The ‘Farmers Bill’ gives the assurance of payment to the farmers within three working days : GOI
MyGovIndia :
- Government has passed “The Farmers (Empowerment & Protection) Agreement on Price Assurance and Farm Services Bill 2020” giving farmers price assurance and income enhancement.
- The Bill will promote efficient, transparent, competitive, barrier-free trades with the emergence of multiple trade channels and APMC mandis will continue to serve as principal marketing channels.
- Farmers Agreement on Price Assurance and Farm Services Bill, 2020 will strengthen the integration of traders and producers of pulses, oilseeds, raw cotton, and other farmers practicing animal husbandry and fishery.
- For the first time, an ecosystem has been created giving farmers freedom of choice of trade area – he is now free in the true sense.
- The provision in the Farmers Produce Trade & Commerce Bill, 2020 gives the assurance of payment to the farmers within three working days through a receipt of delivery to the farmers on the same day of the transaction of farm produce
- The Farmers Produce Trade & Commerce Bill, 2020 will provide a unique facility for electronic registration, transaction, and payment of farm produce to the farmers through the electronic trading platforms.
- The shackles of trade made simple, Traders require only a PAN card. Even better, FPOs or agricultural co-operative societies do not even require the PAN card now.
- One of the pro-farmer initiatives is to promote the concept of ‘One Nation One Market’, which will certainly enable farmers to sell their products across the country.
- Farmers have now been facilitated with barrier-free Inter & Intra-State trade of farmers’ produce with greater profitability.