Agricultural produce market committee Current Affairs, GK & News

Agricultural Produce Market Committee

Under the Agricultural Produce Market Committee (APMC) Act, 2003, the Agricultural Produce Market Committee (APMC) is a statutory body constituted by state government in order to trade in agricultural or horticultural or livestock products. Functions of APMC Functions of APMC are: To promote public private partnership in the ambit of agricultural markets. To provide market led ..

Modifications in ‘Agriculture Infrastructure Fund’

Cabinet has approved modifications in the ‘Agriculture Infrastructure Fund’ on July 8, 2021. Key Points This move is aimed at expanding “Rs 1-lakh-crore Agriculture Infrastructure Fund (AIF)”. It will expand the beneficiary institutions including Agricultural Produce Market Committees (APMCs) in order to avail credit of up to Rs 2 crore from AIF. This credit will ..

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Global conference on rural finance hosted by NABARD

On 12 Nov, Finance Minister Nirmala Sitharaman addressed 6th World Congress on Rural and Agriculture Finance jointly organised by National Bank for Agriculture and Rural Development (NABARD) and Asia-Pacific Rural Agricultural and Credit Association (APRACA).  During the event, the minister said the Central government is impressing upon states to dismantle the Agricultural Produce Market Committees (APMCs) and ..

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West Bengal to modify agricultural marketing act

The West Bengal government is preparing a draft to amend the Agriculture Produce Marketing Committee (APMC) Act in line with a ‘Model Act’ of the central government, but it will not go after the centre’s advice on adopting contract farming. The state is not getting the grants to the tune of Rs 500 crore for ..

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