Consider the following statements about the Farmers rsquo Produce Trade and Commerce Promotion and F...........

Economic and Social Issues Agriculture - Caracterstics and trends

Consider the following statements about the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020

It allows intra-state and inter-state trade of farmers’ produce outside the physical premises of market yards run by market committees formed under the state APMC Acts.
It prohibits state governments from levying any market fee on farmers and electronic trading platforms for trade of farmers’ produce conducted in an ‘outside trade area’.

Select the correct statement.

1 only

2 only

Both

None

Both statements are correct.

Agricultural markets in India are mainly regulated by state Agriculture Produce Marketing Committee (APMC) laws. APMCs were set up with the objective of ensuring fair trade between buyers and sellers for effective price discovery of farmers’ produce.

The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020

Allows intra-state and inter-state trade of farmers’ produce outside: (i) the physical premises of market yards run by market committees formed under the state APMC Acts and (ii) other markets notified under the state APMC Acts.
Such trade can be conducted in an ‘outside trade area’, i.e., any place of production, collection, and aggregation of farmers’ produce including: (i) farm gates, (ii) factory premises, (iii) warehouses, (iv) silos, and (v) cold storages.
It permits the electronic trading of scheduled farmers’ produce (agricultural produce regulated under any state APMC Act) in the specified trade area.
It prohibits state governments from levying any market fee, cess or levy on farmers, traders, and electronic trading platforms for trade of farmers’ produce conducted in an ‘outside trade area’.

Hence option 3rd is correct.