Union Cabinet approved setting up of Online National Agriculture Market

Jul 2, 2015 15:57 IST

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.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Is this article important for exams ? Yes17 People Agreed
Read more Current Affairs on: Online National Agriculture Market , Union Cabinet

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK