APMC: Agricultural Produce Market Committee
APMC Full Form
APMC full form stands for Agricultural Produce Market Committee. APMC is a marketing board set up by state governments in India to ensure that farmers are protected from exploitation by large retailers, as well as to ensure that the retail price does not spread.
The APMC is regulated by the states through the adoption of the Agricultural Produce Marketing Regulation (APMR) Act.
The concept of the agricultural produce market regulation program in India is due to the concern of the British rulers. Raw cotton was the first sector product to provide pure cotton at reasonable prices to textile mills in Manchester (UK).
As a result, India’s first formal market (Karanja) was established in 1886 under the Hyderabad Residency Order, with the first law being the Beer Cotton and Grain Market Act of 1887.
It was entrusted to British residents to declare a market for sale, any location in the assigned district, and formed a committee to oversee the purchase of agricultural produce and regular markets. The Act became a model to be implemented in other parts of the country as well.
Features Of APMC Model Act, 2003
- A market fee.
- Exemption in licensing rules.
- Special Market for Perishable.
- Facilitating the contract farming model.
- APMC revenue was used to improve market infrastructure.
- Farmers and private individuals are allowed to set up their markets.
What Is The Full Form Of APMC?
APMC full form stands for Agricultural Produce Market Committee. It is a marketing board set up by state governments in India to ensure that the retail price does not spread, as well as to ensure that the retail price does not spread.
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