: Food procurement at MSP is important: PM Modi #FinanceIndia #StockMarketNEWS #Business PTI New Delhi Prime Minister Narendra Modi on Friday said the government is committed to procure of agri

@StockMarketNEWS Wed 21 Oct, 2020

Posted in: #Business #FinanceIndia #StockMarketNEWS

Food procurement at MSP is important: PM Modi #FinanceIndia #StockMarketNEWS #Business
PTI

New Delhi

Prime Minister Narendra Modi on Friday said the government is committed to procure of agri crops at Minimum Support Price (MSP) as it is an important part of the country’s food security.

Efforts are being made to improve mandi infrastructure so that MSP buying continues in a scientific way, he said, adding that recent agri reforms reflect India’s commitment to global food security.

“MSP and government procurement are an important part of the country’s food security. It is important that it continues to function with better facilities and in a scientific way. We are committed towards this,??? Modi said after releasing a commemorative coin of Rs 75 denomination on the 75th anniversary of Food and Agriculture Organisation (FAO).

Noting that wholesale mandis or Agriculture Produce Marketing Committees (APMCs) have their own identity and strength, Modi said these mandis were in place for years in the country and their infrastructure is being improved.

He said about Rs 2,500 crore investment was made in the last six years to boost mandi infrastructure. Even IT infrastructure is being built to connect mandis with electronic National Agriculture Market (eNAM).

“The recent three big agri reforms are major steps towards expanding agriculture and increasing farmers’ income,??? he said, adding that the reforms in the Essential Commodities (EC) Act will make mandis more competitive, enhance farmers’ income and address the problem of food wastage.

Further, Modi said that earlier farmers did not have access to mandis and were forced to sell their produce to middlemen.

“Now, the market will reach the doors of small farmers and ensure higher prices. They (farmers) will be free from middlemen and consumers will also benefit,??? he said.

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