The Union Cabinet on 1 July 2015 approved the setting up of an Online National Agriculture Market that will provide more options to farmers for selling their produce.
Currently, farmers are restricted to selling their produce at mandis or market committees that charge various taxes on producers. But, now an online platform would be set up wherein farmers will be able to sell and buy fruits, vegetables and other produce from across the country.
An agency will also be set up to oversee online trading and to ensure that transactions take place smoothly. It will also focus on creating go-downs and facilitating transportation of the farm produce after the online trade.
With this, farmers can sell their produce both in physical mandis and on online platform. This will likely boost their incomes and improve availability, moderating price rise.
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When: 1 July 2015