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[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]
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.
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 ...
Khem Singh Gill (1 September 1930 – 17 September 2019) [1] was an Indian academic, geneticist, plant breeder and Vice-Chancellor of the Punjab Agricultural University. [2] He was known for his contributions to the Green Revolution in India.
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.
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]
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 country has networks of cooperatives at the local, regional, state and national levels that assist in agricultural marketing. The commodities that are mostly handled are food grains, jute, cotton, sugar, milk, fruit and nuts. [11] Support by the state government led to more than 25,000 cooperatives being set up by 1990s in Maharashtra. [12]