To support Agritech Startups and farmers, the Indian Government has brought in new reforms in the agriculture sector to increase efficiency of agricultural production and contribution to GDP; to protect farmers' income and double it by 2022; to ensure national food safety and security; and to increase export of agricultural commodities.
The three important legislation are as follows:
Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, 2020
Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020
Amendment to Essential Commodities Act, 2020
While the government’s recent reforms are expected to boost the agricultural sector, full potential of agriculture in India can only be realized through widespread adoption of technology.
Ещё видео!