POINT IAS

Amendments to Essential Commodities Act

  • Amendments to the ECA, reforms in agricultural marketing and risk mitigation through predictable prices will empower farmers, strengthen agri-food processing linkages and enable demand-driven value added agriculture.
  • The reforms will encourage investments in food processing and together with the infrastructure outlays will contribute in shaping a competitive agri value chain, reduce wastages and raise farmer incomes.
  • The announcement of ₹1 lakh crore agri-infrastructure fund for farmgate infrastructure will significantly contribute towards mitigating post-harvest losses and wastage by giving a fillip to scientific storage facilities and also help the small farmers earn additional income by way of value-added agri-produce.
  • Announcements regarding food, fishery and animal husbandry will have positive impact on the food processing sector.
  • The removal of cereals from essential commodities, the agricultural marketing policy changes being made to facilitate direct sale to aggregators, and the assistance being provided to enhance food processing and post harvest infrastructure in proximity to farm gates are excellent formulations which will help farmers.

Categories: POINT IAS

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