Many important decisions were taken in the central cabinet meeting on Wednesday, led by PM Narendra Modi. Union Minister Prakash Javadekar said that farmer-friendly reforms had been made in the Essential Commodities Act. He said that the amendment to the Essential Commodities Act had been approved in the meeting chaired by PM Modi.
Prakash Javadekar said that this is going to be a milestone for the farmers, and this will bring a significant change in the agriculture sector. He said that farmers can now sell their products anywhere and to anyone. He who can give them a better price, he can sell his product directly.
Javadekar said, “Farmer friendly reforms have been made in the Essential Commodities Act. Today there is an abundance of agricultural products, so there was no need for a law with such restrictions. The Farmer has been freed by the bondage of the Agricultural Producer Market Committee. The Farmer has got the freedom to sell the product anywhere and to the high payer. We have moved towards One Nation One Market.
Agriculture Minister Narendra Singh Tomar said that three ordinances had approved in his interest, including an amendment to the Essential Commodities Act. It is a historic day for farmers.
While giving relief to the street vendors, the central cabinet meeting has also approved the credit scheme for them. A loan scheme has started for the street vendors, under which a loan of 10 thousand will provide. The name of the loan scheme will be Prime Minister Swanidhi. At the same time, financial literacy work will start. Prakash Javadekar said that MSME is the backbone of the country’s economy, and MSMEs in crisis will help.
Some more decisions take place in Wednesday central cabinet meeting.
Javadekar said that the government has decided to form the Empowered Group of Secretaries and Project Development Cell in all the ministries and departments.
Also, it has decided in the central cabinet meeting to set up the Pharmacopoeia Commission. Two labs of Ghaziabad of the Ministry of AYUSH are also merging with it. This will ensure the standardization of other drugs.
Union Minister Nitin Gadkari said that historic decisions had been taken for MSMEs. The turnover limit in MSME small sector has increased to 50 crores. Twenty-five lakh MSMEs are expecting to be restricted, and 2 lakh MSMEs will start from the new fund. More than 11 crore people got jobs from MSMEs though.