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Foundation stone of an APMC laid down in 1965 by K. S. Puttaswamy, erstwhile Minister of Mysore State. An Agricultural Produce Market Committee (APMC) is a marketing board established by state governments in India to ensure farmers are safeguarded from exploitation by large retailers, as well as ensuring the farm to retail price spread does not reach excessively high levels.
[2] [3] It is a subsidiary of Punjab Agro Industries Corporation. [4] The company has been awarded Sustainable Development Goals Action Award by the Punjab Planning Department for Sustainable Organic Production and Innovative Marketing System. It has also received Leadership award in Agriculture Marketing. [5] [6] [7]
Willing States to accordingly enact suitable provisions in their APMC Act for promotion of e-trading by their State Agricultural Marketing Board/APMC. Liberal licensing of traders/buyers and commission agents by State authorities without any pre-condition of physical presence or possession of shop /premises in the market yard.
Directorate of Agriculture (E&M) has establish Agriculture Marketing Information Service (AMIS). [8] The AMIS is aimed at enhancement of efficiency in marketing system through provision of timely, reliable and usable market information to the growers and other marketing stakeholders i.e. traders, processors, exporters, importers, consumers and ...
Marketing boards often also receive funding from governments as an agricultural subsidy. The leadership and strategies of the marketing boards are set through votes by the farmers who are members of the board. Marketing boards also sometimes act as a pool, controlling the price of farm products by forming a legal cartel.
The Punjab Agricultural University is a leading institution globally for the study of agriculture and played a significant role in Punjab's Green Revolution of the 1960s–70s. Alumni of the Panjab University, Chandigarh include Manmohan Singh , the former Prime Minister of India , and Dr. Har Gobind Khorana , a biochemistry nobel laureate .
The Government of India launched Agriculture Infrastructure Fund (AIF) Scheme in July 2020 with a corpus of Rs. 1,00,000 crores.to provide financial support to agri-entrepreneurs, start-ups, agri-tech players and farmer groups for infrastructure and logistics facilities. [7] [8] [9] In this fund, Punjab state has been allotted INR 4713 crore. [10]
StarAgri is an India based agricultural marketing company providing warehousing, procurement and Collateral Management of Agri-Commodities. StarAgri was established in April 2006 by former ICICI Bank associates and has a presence at 190 locations across 16 Indian states. [2]