Lok Sabha passed 2 Farm reform Bills

Lok Sabha passed 2 Farm reform Bills

Lok Sabha has cleared two bills they are the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020. the main purpose of these bills was to boost the income of farmers and transform agriculture. On 14th Sept 2020, the Agriculture & Farmers Minister Narendra Singh Tomar introduced the bill in Lok Sabha.

Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 –

• The bill will provide a better ecosystem creation where farmers and traders will be able to sell and buy farmers’ produce at remunerative prices.
• The Bill will offer an efficient, transparent and barrier-free inter-State and intra-State trade.
• The Bill also will help to facilitate a framework for electronic trading and for matters connected therewith or incidental thereto.
• It will create extra opportunities for India’s farmers and will decrease marketing costs for the farmers and as a result, they will obtain better prices.
• Farmers will obtain surplus for producing to gain better prices and consumers of regions with shortages, lower prices.

Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020 –

• It will purpose to offer for a nationwide framework on farming agreements that will protect and empower farmers to interlace with agri-business firms, processors, wholesalers, exporters or large retailers for farm services.
• it may reduce the risk of market unpredictability and farmers will be able to access modern technology and better inputs.
• the bill also will diminish marketing cost and will make improvements in farmers’ income.