Budget 2017: Rs 75 lakh for each online agriculture market

This will help farmers to sell their products at a better price.

GN Bureau | February 1, 2017


#Farmers   #Agriculture   #Narendra Modi   #Arun Jaitley   #Budget 2017   #Union Budget   #eNAM  


Each online agriculture wholesale market will receive Rs 75 lakh each for the development of cleaning, grading and packaging of the farmers' products. There are 250 regulated markets available on the online platform i.e. e-NAM. Government will increase this number to 585 markets in coming years.

READ: A virtual market for farmers

Announcing the budget 2017-2018, finance minister Arun Jaitley said e-NAM will help farmers to sell their products at a better price.  Jaitley said that the focused areas of the budget 2017 are farmers, rural employment and infrastructure.

In July 2015, the ministry of agriculture and farmers welfare had proposed NAM, an integrated online platform for agriculture wholesale markets. Under NAM, famers can approach different buyers for their produce, which will ensure better value for their produce and less monopoly of the regular buyers.

The government allocated Rs 200 crore for three years to set up an online NAM, which aims to integrate existing regulated agriculture markets in the country on a single portal. This will help buyers from one market to purchase farm produce from other markets and vice versa, irrespective of their geographical location.





 

Comments

 

Other News

"Insurance companies can`t change policy at whim"

An insurance policy cannot be changed at the whims and fancies of the insurance company, noted consumer rights advocate Jehangir Gai has said, against the backdrop of an increasing number arbitrary rejection of insurance claims due to vague policy clauses, unilateral changes to policy terms without obtaini

ATF likely to come under GST: Hardeep Puri

Aviation turbine fuel (ATF) is likely to be brought under the Goods and Services Tax (GST) in the near future, petroleum and natural gas minister Hardeep Singh Puri has said, signalling a potential change in aviation fuel taxation.   Speaking to the press in Mumbai on Friday ahead of In

Budget 2025: Meeting the expectations of youth and middle class

The new year brings with it a mix of hope and expectations, especially among the youth and middle class who have placed their trust in the Narendra Modi government. The upcoming Union Budget is being eagerly awaited by these two groups in particular, in the hope it addresses the very real concerns of a gen

This book on Gujaratis is like a sumptuous ‘thaali’…

The Gujaratis: A Portrait of a Community By Salil Tripathi Aleph Books, 744 pages, Rs 1,499 “As the l

At Davos, Maharashtra inks MoUs worth Rs 15.70 lakh crore

The Maharashtra government has signed 54 memorandums of understanding (MoUs) worth Rs. 15.70 lakh crore at the ongoing WOrld Economic Forum in Davos. The highest ever investment proposals of the state government are expected to generate 15.95 lakh jobs. The largest MoU was inked with Relianc

How Renewable Energy revolution is sweeping across India

As India accelerates its transition towards a sustainable future, its renewable energy (RE) sector has witnessed unprecedented growth. In 2024, the country made significant strides in solar and wind energy installations, policy advancements, and infrastructural improvements, setting the stage for ambitious

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now



Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter