Modernizing Wholesale Markets

  1. the APMC staff. The introduction of computerized auction in few markets will act as push factor and this will bring in transparency in the auction. Therefore, 100% cost is proposed to be funded from the project.

  2. Godown Receipt System: It aims to improve access to price risk management services for farmers. Availability of finance against stored produce and improved knowledge on price risk management allows farmers and farmers’ organizations to obtain better price realization for their produce at a later date. The trading through Electronic Commodity Exchange provides an alternative marketing channel, which increases potential for better price realization. The National Spot Exchange Ltd. (NSEL) has already agreed to have a tie up with the APMCs in this project. The NSEL has further agreed to tie up with the Banks to provide credit facilities against the produce stored at these APMC godowns. To have such a tie up arrangement, investments will be required to be made in these APMC godowns with regard to the repairs of the godowns. The investments of Rs. 7.00 lakhs will be required for setting up computers, weighing machines, price information ticker, setting up commodity testing lab, while Rs. 2.00 lakhs will be required for repairs of godowns. The total investment in 40 APMC godowns will be Rs. 360.00 lakhs (40 godowns X Rs. 9.00 lakhs) which will be 100 % provided as grants in the project.

  3. Standardised Accounting System for APMCs: In view of existing accounting systems at APMCs, it is necessary to have a standard accounting system for APMCs. This could be achieved by using standard accounting software which is commonly used. If standard accounting software is provided to all APMCs, they will maintain their accounts as per the standard groups and sub groups available in the software. This will help in uniform account keeping and reports generation at all the APMCs. The MSAMB will provide