The draft Agricultural Produce and Livestock Contract Farming and Services (promotion and facilitation) Act 2018 seeks to keep the contract farming/services contracts outside the ambit of respective Agricultural Produce Marketing Committee (APMC) Act of the states, which will help buyers save 5-10% on their transaction cost.
It also provides for setting up of a dispute settlement authority and imposition of penalties for breach of contract.
The reforms in the marketing and other areas are being taken, keeping this objective in mind.
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