The union cupboard at the moment accepted a bunch of modifications into the Rs one trillion Agriculture Infrastructure Fund (AIF), together with bringing Agriculture Produce Market Committees (APMCs) or regulated mandis inside its ambit, a transfer which the federal government showcased as its dedication to maintain them functioning.
One key apprehension of the protesting farmers in opposition to the three reform acts introduced final yr has been that when the legal guidelines come into impact, the mandis might be dismantled, as lured by low taxes, buying and selling will shift outdoors their ambit.
Other than APMCs, the revised pointers have additionally made state degree businesses and cooperatives, eligible to get loans upto Rs 2 crore to construct farm gate storage infrastructure and processing services at curiosity subvention of three per cent.
The loans have a moratorium on compensation that can differ from six months to 2 years.
Farm storage and processing infrastructure comparable to silos, packing items, assaying items and so on. might be taken up beneath the scheme.
To date, UP, Rajasthan and Maharashtra are the highest three states on tentative