September 25, 2023


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Karnataka cuts APMC market fee to 0.35 per cent

The Karnataka governing administration has further more minimized the marketplace payment charged by APMCs to .35 for each cent from a person for each cent, a go that’s expected to offer traders in the APMC marketplace yards a degree playing field with non-public marketplaces and other entities. This is the 2nd these kinds of revision in marketplace payment this thirty day period.

Agricultural Develop Market Committee (APMC) traders have been demanding elimination of the one.5 for each cent marketplace cess right after the Centre released agri-marketing and advertising reforms by an ordinance a short while ago, supplying farmers a choice to promote their create at the farm gate. As a final result, Karnataka governing administration minimized the marketplace cess to one for each cent in early July.

However, not material with the State’s go, the APMCs experienced threatened to go on strike from Monday demanding elimination of the marketplace payment. Buckling below the force, the State determined to further more lessen the marketplace payment/person payment to .35 for each cent of the transaction price. The payment would be used for supplying routine maintenance companies in the marketplace garden, these kinds of as stability and cleansing, between other individuals, sources mentioned.

Welcoming the government’s newest go, a huge portion of traders have determined to withdraw the proposed strike, but some APMCs, mainly in Central and North Karnataka, have started off the strike. “The strike has begun today and about 25-thirty APMCs are taking part in it,” mentioned Shankaranna Munavalli, President of the APMC Action Committee in Hubballi.

In a assertion welcoming the government’s selection, the Federation of Karnataka Chambers of Commerce and Sector (FKCCI), the apex trade human body in the State, mentioned the reduction in marketplace cess not only allows farmers, but also APMC merchants in the state to promote their products competitively. It also safeguards the passions of various families who are depending on these marketplace yards for their livelihood.