A STUDY ON IMPACT FARM BILLS ON FARMERS AND AGRI-TECH STARTUPS IN INDIA.

Abstract

A study is conducted to understand the impact of the Farm bills on the farmers as well as the Agritech Start-ups. This study is focused on the three farm bills and providing an insight about them and analysing their benefits to the farmers as well as the Agritech Start-ups in India. The major focus of the study was to understand the reasons behind the unrest amongst the farmers. The study also analyses the previous rules and regulations and compares the new bills with the old ones to understand the benefits in detail. The study was conducted using the secondary media sources and was completely based on data points from Internet and news medias. The new Farm Bills potentially aim to provide small farmers more opportunities to boost their moral. These bills would have good impact on the Agritech industry and various start-ups have already come ahead and hailed this decision of the Government. On the other hand, the large farmers from Haryana and Punjab were found to be upset because of the new bills causing a huge chaos. There found to be disparity amongst the views of farmers. Many of the farmers has less idea about what the bill are about. The study also explains the roles of Agents and APMC markets and in the current situation and how these roles could change after implementation of the bills. The bills aim to provide more opportunities to the small farmers and would help in maintaining order by controlling prices of the commodities.