The government will "revamp" the Small Farmers Agri-business Consortium to convert it into a venture capital fund, finance minister P Chidambaram said on Friday.
The reforms will help FPOs procure directly from farmers, something that they have been pressing for long.
The Aayog recently met the ministries on the issue.
'I came to know that there was a big racket going on in the selling of onions. Private players were hoarding onions and these things cannot happen unless they have political patronage.'
Onion prices had peaked to Rs 57 per kg on August 22.
Traders say prices will remain elevated due to increased demand, lower availability
Food Corporation of India will be the nodal agency.
In Delhi, the wholesale price is now Rs 48-52 a kg; the retail one is Rs 80 a kg.
Parth Gupta quit a good corporate job to work for the welfare of farmers in rural Madhya Pradesh.
The fund allocated for pulses buffer is more than 40% of entire farm ministry's 2016-17 budget.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances