September 18, 2020 12:26 PM

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Lok Sabha passes two agriculture reform bills aimed at bringing revolutionary changes in the lives of farmers

Lok Sabha yesterday passed two bills aimed at transforming agriculture in the country and raising farmers' income. The bills are Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill, 2020. Both the bills were passed by the Lok Sabha with voice vote.<br />''<br />''The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 permits the electronic trading of farmers' produce and allows setting up of transaction platforms for facilitating direct online buying and selling of farm products. <br />''<br />''The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill, 2020 provides for a farming agreement prior to the production or rearing of any farm produce. A guaranteed price to be paid for the purchase of farming produce will be mentioned in such agreements.<br />''<br />''Hailing the passage of the bills, Prime Minister Narendra Modi had described these proposed legislations as historic and asserted that they will rid farmers and the farm sector of middlemen and other bottlenecks. Mr Modi said, these agrarian reforms will provide new opportunities to farmers to sell their produce, which will increase their profits.<br />

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