(1) The Director shall maintain a separate Revolving Marketing Development Fund to account the receipts realized as contribution from licensees of private market yard, private market subyard, etrading platform, direct marketing and from such other contribution including Market Committee.
(2) Every Market Committee shall contribute five percent of its income derived from licence fees and market fees, as may be prescribed, to Revolving Marketing Development Fund maintained by Director.
(3) The Director will spend the fund, so maintained under subsection (1), 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 or Country.
(2) Every Market Committee shall contribute five percent of its income derived from licence fees and market fees, as may be prescribed, to Revolving Marketing Development Fund maintained by Director.
(3) The Director will spend the fund, so maintained under subsection (1), 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 or Country.
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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.