- Central Government brought this model law in April 2017.
- It seeks to liberalize trade in agri-products and livestock.
- Key Provisions:
- Proposes private wholesale markets.
- Allows direct sale by farmers to bulk buyers.
- Promotes electronic trading.
- Allows godowns, warehouses, cold storages to act as regulated markets.
- Aims for a single license and single point of levy of market fee/mandi charges at State level.
- Gradually move towards single license and single point of levy at national level.
- Proposes a cap on market fees (2% for fruits/vegetables, 1% for food grains).
- Promotes inter-State trading license, grading, standardization, quality certification.