Karnataka cuts APMC market fee to 0.35 per cent

The Karnataka govt has further more lowered the sector fee billed by APMCs to .35 per cent from a single per cent, a go which is expected to supply traders in the APMC sector yards a degree taking part in industry with non-public markets and other entities. This is the 2nd these revision in sector fee this thirty day period.

Agricultural Produce Marketplace Committee (APMC) traders have been demanding removing of the 1.5 per cent sector cess following the Centre introduced agri-internet marketing reforms by way of an ordinance recently, providing farmers a preference to sell their make at the farm gate. As a consequence, Karnataka govt lowered the sector cess to 1 per cent in early July.

However, not content with the State’s go, the APMCs experienced threatened to go on strike from Monday demanding removing of the sector fee. Buckling under the pressure, the Condition resolved to further more cut down the sector fee/person fee to .35 per cent of the transaction benefit. The fee would be made use of for supplying routine maintenance companies in the sector property, these as protection and cleaning, amid other people, resources stated.

Welcoming the government’s most current go, a large part of traders have resolved to withdraw the proposed strike, but some APMCs, generally in Central and North Karnataka, have started out the strike. “The strike has started today and about twenty five-30 APMCs are taking part in it,” stated Shankaranna Munavalli, President of the APMC Action Committee in Hubballi.

In a assertion welcoming the government’s final decision, the Federation of Karnataka Chambers of Commerce and Sector (FKCCI), the apex trade overall body in the Condition, stated the reduction in sector cess not only assists farmers, but also APMC retailers in the point out to sell their merchandise competitively. It also safeguards the pursuits of quite a few families who are depending on these sector yards for their livelihood.