THE KARNATAKA AGRICULTURAL PRODUCE MARKETING (REGULATION AND DEVELOPMENT) (AMENDMENT) ACT, 2024
KARNATAKA ACT NO. 21 OF 2024
Arrangement of Section
Sections:
1. Short title and commencement
2. Amendment of section 63
3. Insertion of new sections 64-D and 64-E
4. Amendment of section 112
STATEMENT OF OBJECTS AND REASONS
Amendment Act 21 of 2024:- It is consider necessary further to amend the Karnataka Agricultural Produce Marketing (Regulation and Development) Act, 1966 (Karnataka Act 27 of 1966) to establish Market Development Assistance Fund for the purpose of development of market yards of financially weak Agriculture Produce Market Committees and certain other amendments are made incidental thereto.
Hence, the Bill.
[L.A. Bill No.17 of 2024, File No. SAMVYASHAE 17 SHASANA 2024]
[Entries 14 and 28 of List II of the Seventh Schedule to the Constitution of India.]
[Published in Karnataka Gazette Extra-ordinary No.171 in part-IVA dated:07.03.2024]
KARNATAKA ACT NO. 21 OF 2024
(First Published in the Karnataka Gazette Extra-ordinary on the 7th day of March, 2024)
THE KARNATAKA AGRICULTURAL PRODUCE MARKETING (REGULATION AND DEVELOPMENT) (AMENDMENT) ACT, 2024
(Received the assent of the Governor on the 6th day of March, 2024)
An Act further to amend the Karnataka Agricultural Produce Marketing (Regulation and Development) Act, 1966.
Whereas it is expedient further to amend the Karnataka Agricultural Produce Marketing (Regulation and Development) Act, 1966 (Karnataka Act 27 of 1966) for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the seventy fifth year of the Republic of India as follows:-
1. Short title and commencement.- (1) This Act may be called the Karnataka Agricultural Produce Marketing (Regulation and Development) (Amendment) Act, 2024.
(2) It shall come into force at once.
2. Amendment of section 63.- In the Karnataka Agricultural Produce Marketing (Regulation and Development) Act, 1966 (Karnataka Act 27 of 1966) (herein after referred to as the Principal Act) in section 63, in sub-section (2), in clause (a), after sub-clause (xv) the following shall be inserted, namely:-
"(xvi) to make contribution to the Market Development Assistance Fund constituted under section 64-D”.
3. Insertion of new sections 64-D and 64-E.- After section 64-C of the Principal Act, the following shall be inserted, namely:-
“64-D. Establishment of Market Development Assistance Fund.- (1) The State Government shall establish a fund called as the Market Development Assistance Fund. The Agricultural Produce Market Committees shall remit to
the said fund not less than 5% of revenue collected from market fee and license fee, before 15th of every month.
(2) The Market Development Assistance Fund shall be administered by a committee consisting of the following members, namely:–
(i)
The Minister for Agricultural Marketing
Ex-officio Chairperson
(ii)
The Secretary to Government, Department of Co-operation
Ex-officio Member
(iii)
The Secretary to Government, Finance Department
Ex-officio Member
(iv)
The Director, Agricultural Marketing and Ex-Officio Managing Director of the Karnataka State Agricultural Marketing Board
Ex-officio Member Secretary
(3) The Managing Director of the Karnataka State Agricultural Marketing Board shall operate the said fund which shall be kept or invested in a Scheduled Bank.
(4) The accounts relating to the fund shall be prepared annually and audited by the State Audit and Accounts Department. Such audited accounts report shall be submitted to the State Government for approval.
64-E. Application of Market Development Assistance Fund.- (1) Subject to the provisions of this Act and rules made thereunder, the Market Development Assistance Fund may be utilized for the purpose of development of market yards of financially weak Agricultural Produce Marketing Committees:
Provided that, the Fund may be utilized for any flagship program as suggested by the Chairman.
(2) Such weak Agricultural Produce Marketing Committees shall submit project reports seeking financial assistance for undertaking the development of market yards in their jurisdiction, to the Committee as under sub-section (2) of section 64-D.
(3) Administrating Committee while selecting the financially weak Agricultural Produce Marketing Committees seeking assistance, shall take into account the factors like trade potentiality, availability of resources with the Agricultural Produce Marketing Committee, backwardness of the region, location of the market and the impact on the trade after development etc.”
4. Amendment of section 112.- In section 112 of the Principal Act, in sub-section (1), after clause (j), the following shall be inserted, namely:-
“(j-a) to undertake procurement operations of notified agricultural produce under Floor Price Scheme and Minimum Support Price Scheme entrusted by the Government from time to time and to take up commercial operation in respect of the said agricultural produce; and”
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