Which of the following are the key Features of Model Contract Farming Act given by NITI Aayog ...........

Economic Affairs Agricultural Policy and Growth

Which of the following are the key Features of Model Contract Farming Act given by NITI Aayog?

It sets up Contract Farming (Development and Promotion) Authority and local-level recording committees to register the contracts and implement them effectively

It ensures buying of entire pre-agreed quantity of contract farming produce as per contract.

The produce will be insured under new agriculture insurance scheme to be formed for the act

both 1 and 2

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Explanation:

the features of model APMC act are

It sets up Contract Farming (Development and Promotion) Authority and local-level recording committees to register the contracts and implement them effectively.
It ensures buying of entire pre-agreed quantity of contract farming produce as per contract.
The produce will be insured under the existing agriculture insurance schemes.
It provides for a contract farming facilitation group at village level to take quick and need based decision and a dispute settlement mechanism for quick disposal of disputes.
It provides to keep contract farming outside the ambit of APMC act
It makes provisions for making farmer producer organisations (FPOs).