Explain the steps taken by the government in developing rural markets.

Asked by Last Modified  

5 Answers

Learn Economics

Follow 2
Answer

Please enter your answer

Gatha Chawla

All subjects BA LLB tutor with 1 year of experience in litigation

The government has made the following initiatives to develop rural markets. 1. Market Regulation - The government has established regulated marketplaces in which the selling and purchase of produce is overseen by a Market Committee comprised of government representatives, farmers, and traders. Market...
read more
The government has made the following initiatives to develop rural markets. 1. Market Regulation - The government has established regulated marketplaces in which the selling and purchase of produce is overseen by a Market Committee comprised of government representatives, farmers, and traders. Market regulation aids in the creation of ordered and transparent marketing circumstances. 2.Cooperative Marketing -Farmers are encouraged to create producer marketing cooperative societies in order to achieve a higher price for their produce through a collective sale, which the government favours. 3.Physical Infrastructure Improvement - This measure guarantees that physical infrastructure such as roads, railways, warehouses, and cold storage facilities are improved. These facilities are still woefully inadequate and in desperate need of upgrading. 4.Supportive Policies - In addition to the policies listed above, the following supportive policies have been implemented to help rural markets grow.(a) Minimum Support Price (MSP) – The MSP for agricultural output is set by the government. The fanners are guaranteed a minimum income under this programme.(b) Wheat and Rice Buffer Stock - When market prices fall substantially below the MSP, the government buys the produce from the farmers at the MSP and keeps a buffer stock.(c) Foodgrains and Sugar Distribution - The buffer stockpiles are distributed at subsidised prices to the underprivileged through the Public Distribution System (PDS). read less
Comments
Dislike Bookmark

Study Point – Personalized tutoring for success!

1) Regulated Market 2) Infrastructure development 3) Cooperative Agriculture Marketing Societies 4)Minimum support price policy
Comments
Dislike Bookmark

Indian government provided cold storages and warehouses that help the farmers to sell their product at the time when the price are high. Also, railways offer subsidised transport facilities to the farmers. This enables the farmers to bring their product to urban areas where they can earn huge profits...
Comments
Dislike Bookmark

IELTS, Interviewer, Spoken English trainer with 2 years of experience in IELTS industry.

Following are the steps taken by the government in developing rural markets (i) Regulation of Markets - The government has established regulated markets where the sale and purchase of the produce are monitored by Market Committee consisting of representatives of government, farmers and traders. Regulation...
read more
Following are the steps taken by the government in developing rural markets (i)Regulation of Markets - The government has established regulated markets where the sale and purchase of the produce are monitored by Market Committee consisting of representatives of government, farmers and traders. Regulation of markets helps to create orderly and transparent marketing conditions. (ii) Improvement in Physical Infrastructure - Through this measure, the government ensures the improvement in physical infrastructure such as roads, railways, warehouses, cold storages, etc. (iii) Cooperative Marketing - The government encourages farmers to form producer marketing cooperative societies so that they get a better price of their produce through a collective sale. (iv) Supportive Policies - In addition to the above policies, the following supportive policies have also been introduced to develop rural markets.(a) Minimum Support Price (MSP) - The government fixes MSP for agricultural output. This policy assures a minimum income to the fanners.(b) Maintenance of Buffer Stock of Wheat and Rice - When market price falls much below the MSP, then government purchases the produce from the farmers at MSP and maintains buffer stock.(c) Distribution of Foodgrains and Sugar - The buffer stocks are distributed among the poor through the Public Distribution System (PDS) at subsidised prices. read less
Comments
Dislike Bookmark

Teaching is more than just a job, it is a responsibility. A responsibility to help shape career..

Setting up of regulated markets: Regulated markets have been set up to improve the marketing of agricultural produce. In this, there is a control of the market committee on the sale of agricultural produce. As a result, the malpractices have come to an end in the mandis.
Comments
Dislike Bookmark

View 3 more Answers

Related Questions

 What is the most important function of RBI?
The most important function of RBI is that it issues currency notes and coins except one rupee note and coin.
Santosini
0 0
5
Outline the steps involved in attaining sustainable development in India.
In 2015, the United Nations general assembly adopted the 2030 agenda for sustainable development 193 countries including India got committed to the 17 sustainable development goals that require efforts...
Ankita
0 0
5
 Infrastructure contributes to the economic development of a country. Do you agree? Explain.
Yes, I agree that infrastructure contributes to the Economic development of a nation. For any development to take place, infrastructure is the basic requirement. Roads, bridges ,Railway lines boost the...
Swapna
0 0
5
Name some notable economists who estimated India’s per capita income during the colonial period.
Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao, and R. C Desai.
Subhash
0 0
6
State an example each of self-employment in rural and urban areas.
Example of self employment in urban areas will be shopkeeping, own business and for rural areas is farming in own land.
Shantanu
0 0
8

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

The question should be short, simple and properly arranged to avoid confusions. Explain.
A questionnaire is a list of questions relating to the field of enquiry. It may be defined as an instrument of collecting primary data from a large number of people. While preparing questionnaire, followingpoints...

Sujoy Das

0 0
0
How did the construction of railways affect the structure of the Indian economy?
In India, railways was introduced by British in 1850, however it begans its operation in 1953. It affected the structure of the Indian economy in many ways (i) It enabled people to undertake long distance...

Sujoy Das

0 0
0
Mention the salient demographic indicators of China, Pakistan and India
The salient demographic indicators of China, Pakistan and India are discussed below (i) The population of Pakistan is very small and accounts for roughly about one-tenth of China or India. Though China...

Sujoy Das

1 0
0
Discuss in brief, the methods of constructing weighted index number
Weighted Index Number These are the index number in which different items of the series are accorded different weight-age, depending upon their relative importance. Weighted index number certainly offer...

Sujoy Das

0 0
0
Write the advantages of pilot survey.
Advantages of pilot survey are (i) The questions to he asked are being tested through pilot survey. (ii) The problems which may arise during large survey are guessed and solutions are found out. (iii)...

Sujoy Das

2 0
0

Recommended Articles

Meet Urmila, an MBBS tutor from Bangalore

Urmila is a passionate teacher with over 8 years of experience in teaching. She is currently pursuing her Ph. D. She provides classes for Class 11, Class 12, MBBS and Medical tuition.  Urmila began her career in teaching long before she became a teacher. She used to provide classes for foreign national students in her college...

Read full article >

Meet Swati, a Hindi Tutor from Bangalore

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Meet Mohammad Wazid, a skilled trainer for...

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Meet Raghunandan.G.H, a B. Tech Tutor from...

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Find Class 12 Tuition near you
Class 12 Tuition in Delhi
Class 12 Tuition in Bangalore
Class 12 Tuition in Hyderabad
Class 12 Tuition in Chennai
Class 12 Tuition in Mumbai
Class 12 Tuition in Kolkata
Class 12 Tuition in Pune
Class 12 Tuition in Jaipur
Class 12 Tuition in Noida
Class 12 Tuition in Lucknow
Online Tuition Class 12

Looking for Class 12 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you