The Union Cabinet which was headed by Prime Minister Narendra Modi has approved a proposal for creation of a National Agriculture Market. This move of setting up of an online national agriculture market will provide more options to farmers wherein they will be able to sell and buy fruits, vegetables and other produce from across the country. The farmers are currently restricted to selling their produce at mandis or market committees that charge various taxes on producers.
Farmers will now have choice to sell the farm produce both in physical mandis or online platform. The freer access to sell via online trade is likely to boost their incomes and improve availability, moderating price rise.
Further, in order to ensure that transactions take place smoothly an agency would be set up to oversee online trading. The agency will also focus on creating godowns and in facilitating transportation of the farm produce after the online trade.