TAD NewsDesk, New Delhi: This year’s budget for the country included a 16 point action plan by the Union Ministry for the welfare of the agricultural sector. It aims at bringing liberalisation to the sector. This has been a long-awaited demand to bring reforms to the sector.
In India’s history of the agriculture sector, like 1991, 2020 will also be marked as a revolutionary year. To bring an end to the grievances of the farmers, investment into the sector is a much needed reform.
Dr. Shivendra Bajaj, Executive Director, Federation of Seed Industry of India (FSII), said,
“The newly enacted Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act grants farmers much-needed freedom to sell their produce wherever they want, which ensure farmers can look for the best prices. Similarly, the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act allows farmers to tie up with private players and seek better prices. These laws unshackled Indian agriculture from the ruinous practices, making way for successful liberalisation story.”
This new law will help the farmers to enter into an agreement with private procurement agencies and help decide the variety of crop and the price to be expected by favourable means.
The amendments in The Essential Commodities Act will bring investment in the food supply chain. The objective plan of doubling farm income by 2022 now appears more practical with the government opening up the agriculture sector for the diversified reforms.
Moreover, Farm liberalisation would be benefitting the customers along with the farmers. In the absence of the intermediary, the customers will get the products at sustainable rates plus in far better quality than they are getting now.
In a nutshell, this policy of farm liberalisation is claiming to change the picture of agriculture from how it is working today. If it becomes a success, the Indian agricultural sector will achieve the goal of sustainability along with it establishing itself as a scalable industry.
Source: Agriculture Times
