Explain the steps taken by the government in developing rural markets.
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The various steps taken by the government in developing rural markets are:
- Regulated Markets: The regulation of markets to creates orderly and transparent market conditions. The sale and purchase of the products are monitored by the Market Committee which consist of farmers, government agents and traders. It helps in enforcement of standard weights, fixation of charges, setting of disputes etc. which is helpful for both farmers and consumers.
- Development of Infrastructure: The government has taken measures to develop infrastructure like roads, warehouses, railways, cold storages etc. which help in transportation and storage facilities.
- Co-operative marketing: It is a measure to ensure a fair price to farmers Member farmers sells their surplus to the cooperative society which substitutes collective bargaining in place of individual bargaining.
- Policy Instruments: Various policy instrument has also been initiated by the government such as fixation of minimum support price, Buffer stock and Public Distribution system which aimed at increasing the income of farmers as well as providing food grains at subsidised rate to poor.
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