(1) Subject to such reasonable conditions and such fee as may be prescribed, the Director or the Officer authorized by him may grant a licence to a person to establish a private market yard, for trading of notified agricultural produce and livestock. (2) The private market yard licensee, or its management committee, by whatever name it is called, may register commission agents and other market functionaries to operate in the licenced private market yard. (3) The private market yard licensee, or its management committee, may collect user charge on notified agricultural produce and livestock transacted in the private market yard, at the rate ad valorem not exceeding the rate as notified by the State Government. (4) The private market yard licensee shall contribute, of such user charge collection and registration fee, to the separate “Revolving Marketing Development Fund” maintained by the Director at the rate in percentage at par with Market Committee. (5) The Director will spend the money from such Fund under sub‐section (4) in development of common marketing infrastructure, skill development, training, research and pledge financing and such other activities as will aid in creating an efficient marketing system in the State/country. (6) The private market licensee shall formulate a Standard Operating Procedure (SOP) for conduct of business and activities ancillary thereto in the licenced private market yard.
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Next · Section 11Establishment of farmer‐consumer market yard (direct sale of agricultural produce by farmer to consumer in retail). →All sections / सभी धाराएँThe Meghalaya State Agricultural Produce and Livestock Marketing (Promotion and Facilitation) Act, 2020 (Act No. 9 of 2020) →
More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Notification of intention of regulating marketing of specified agricultural produce and livestock.Section 4 · Declaration of whole State as one unified market area.Section 5 · Notification of delineated market area.Section 6 · Alteration or Amalgamation of delineated market area and of items of agricultural produce and livestock.Section 7 · Principal market yard, sub‐market yard, market sub‐yard, private market yard, private market sub‐ yard, farmer‐consumer market yard, private farmer‐consumer market and electronic trading platform.Section 8 · Establishment and notification of “Special Commodity Market Yard”.India Code, Government of India. Text fetched 14 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.