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21/2020 - The Farmers Produce Trade and commerce (Promotion and Facilitation) Act, 2020 ▶

Act Number: 21

Act Name: The Farmers Produce Trade and commerce (Promotion and Facilitation) Act, 2020

Year: 2020

Enactment Date: 2020-09-24

Long Title: An Act to provide for the creation of an ecosystem where the farmers and traders enjoy the freedom of choice relating to sale and purchase of farmers produce which facilitates remunerative prices through competitive alternative trading channels; to promote efficient, transparent and barrier-free inter-State and intra-State trade and commerce of farmers produce outside the physical premises of markets or deemed markets notified under various State agricultural produce market legislations; to provide a facilitative framework for electronic trading and for matters connected therewith or incidental thereto.

Ministry: Ministry of Agriculture and Farmers Welfare

Department: Department of Agriculture, Cooperation and Farmers Welfare

Section 7: Price Information and Market Intelligence System.

    (1) The Central Government may, through any Central Government Organisation, develop a Price Information and Market Intelligence System for farmers produce and a framework for dissemination of information relating thereto.
     (2) The Central Government may require any person owning and operating an electronic trading and transaction platform to provide information regarding such transactions as may be prescribed.
     Explanation.--For the purposes of this section, the expression "Central Government Organisation" includes any subordinate or attached office, Government owned or promoted company or society.

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