Connect with us

Essential Commodities Act 2020

Objective of the Scheme:-

Regulation of food items: The act allows the central government may regulate the supply of certain food items including cereals, pulses, potatoes, onions, edible oilseeds, and oils, only under extraordinary circumstances. These include (i) war, (ii) famine, (iii) extraordinary price rise and (iv) natural calamity of grave nature.

Stock limit: A stock limit may be imposed only if there is: (i) a 100% increase in the retail price of horticultural produce; and (ii) a 50% increase in the retail price of non-perishable agricultural food items. The increase will be calculated over the price prevailing immediately preceding twelve months, or the average retail price of the last five years, whichever is lower.

Implementing Agency Name:-Ministry of Consumer Affairs and Food Distribution
Start Date:-2020
End Date:-Cont.
Eligibility to Avail the benefits:-
Area of Operations:-Across the Country
Link for More detail:-