Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, 2020
Act of Indian Parliament / From Wikipedia, the free encyclopedia
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The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, 2020 was an act of the Indian Government [1] that permits intrastate and inter-state trade of farmers’ produce beyond the physical premises of Agricultural Produce Market Committee (APMC) market yards (mandis) and other markets notified under state APMC Acts.[2][3]
Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, 2020 | |
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Parliament of India | |
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Citation | Act No. 21 of 2020 |
Territorial extent | India |
Considered by | Parliament of India |
Enacted by | Lok Sabha |
Enacted | September 17, 2020 (2020-09-17) |
Enacted by | Rajya Sabha |
Enacted | September 20, 2020 (2020-09-20) |
Signed by | Ram Nath Kovind President of India |
Signed | 27 September 2020 |
Legislative history | |
First chamber: Lok Sabha | |
Bill title | Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 |
Bill citation | Bill No. 113 of 2020 |
Introduced by | Narendra Singh Tomar Minister of Agriculture and Farmers Welfare |
Introduced | September 17, 2020 (2020-09-17) |
Status: Repealed |
The Act was collectively passed as part of the 2020 Farm Bills.
The Government of India has transferred the money for the wheat procured by the Food Corporation of India (FCI) in April, 2021, directly to the Bank Accounts of Farmers - an amount of Rs 13.71 crore benefiting around 1.6 lakh farmers in Punjab has been transferred online.[4]