Act Number: 20

Act Name: The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020.

Year: 2020

Enactment Date: 2020-09-24

Long Title: An Act to provide for a national framework on farming agreements that protects and empowers farmers to engage with agri-business firms, processors, wholesalers, exporters or large retailers for farm services and sale of future farming produce at a mutually agreed remunerative price framework in a fair and transparent manner and for matters connected therewith or incidental thereto.

Ministry: Ministry of Agriculture and Farmers Welfare

Department: Department of Agriculture, Cooperation and Farmers Welfare

Section 9: Linkage of farming agreement with insurance or credit.
    A farming agreement may be linked with insurance or credit instrument under any scheme of the Central Government or the State Government or any financial service provider to ensure risk mitigation and flow of credit to farmer or Sponsor or both.
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