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Niti Aayog working with states for agri market reforms
Oct 13, 2017

Aiming to double farmers' income by 2022, the federal think-tank Niti Aayog today said it is working with states to adopt first set of agri market reforms, including contract farming, online spot and futures trading besides encouraging private investment. 
 
Following a direction from Prime Minister Narendra Modi, a comprehensive agenda has been prepared to bring transformation in agriculture, which has not been liberalised like other sectors since 1991, it said. 
 
Speaking at an event on role of digital technologies in driving agribusiness growth, Niti Aayog Member Ramesh Chand said the regulatory reforms have been slow, patchy and absolute in the agriculture sector. 
 
Main emphasis is being given on bringing marketing reforms to facilitate and incentivise the private sector to invest in agri logistics and cold chains, among others, he added. 
 
Among the first set of reforms, Chand said contract farming has to be promoted and for which a model law has been framed both by the think-tank and the agriculture ministry. 
 
Hopefully, we will combine the both and come out with a final version of model contract farming, which will be shared with states for adoption, he said. 
 
 
    

The Economic Times

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