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The Government proposes to set up a Price Stabilization Fund with a corpus of ₹500 crore to help farmers deal with volatility.
"Price volatility in agriculture produce creates uncertainties and hardship for farmers. To mitigate this I am providing a sum of ₹500 crore for establishing a Price Stabilization Fund," Finance Minister Arun Jaitley presenting his maiden Budget.
The farmers and consumers’ interest will be further served by increasing competition and integrating markets across the country. To accelerate setting up of a National Market, the Central Government will work closely with the State Governments to re-orient their respective APMC Acts, to provide for establishment of private market yards/ private markets, Jaitley said.
The State Governments will also be encouraged to develop farmers’ markets in town areas to enable farmers to sell their produce directly.
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