In the third set of the declaration of the new economy by the government of India. Finance Minster Nirmala Sitharamam stated this will aid various sectors battered by the Covid19 crisis and prolonged lockdown. One lakh crore for Agri Infrastructure.
The Essential Commodities Act would be amended and cereals, pulses, edible oil, oilseeds, potatoes and onions would be taken of it to support farmers to avail better prices.
Stock deadlines will be imposed under an exceptional situation. The chain-like milers, importers, processors, exporters, importers and traders can hold stock of these commodities as much they want.
Government will amend Essential Commodities Act to enable better price realisation for farmers; Agriculture food stuffs including cereals, edible oils, oilseeds, pulses, onions and potato will be deregulated.#AatmaNirbharDesh #AatmanirbharBharat pic.twitter.com/qVfoVXVmZl
— PIB India #StayHome #StaySafe (@PIB_India) May 15, 2020
A new law will be implemented where the farmers have the choice to sell their products anywhere and the price they wanted. The farmers can conduct barrier-free interstate trade and also e-trading of farm produce. One Nation, One Market policy is not just for the farmers also for the middlemen.