Tuesday, 1 July 2025
North Eastern Regional Agricultural Marketing Corporation (NERAMAC) was mentioned by Finance Minister (FM) Nirmala Sitharaman at the recently held press conference on the relief packages due to COVID-19. The FM announced a revival package of Rs 77.45 crore that will be provided NERAMAC.
NERAMAC was established in 1982 to support farmers of North-East in getting remunerative prices of agri-horticulture produces. It aims to enhance agricultural, procurement, processing and marketing infrastructure in North-East. 75 Farmer Producer Organisations/Farmer Producer Companies are registered with NERAMAC. It has facilitated the registration of 13 Geographical Indicator (GI) crops of North-East. The company has prepared a business plan to give 10-15 per cent higher prices to farmers by-passing middlemen/agents. It also proposes to set up North-Eastern Centre for Organic Cultivation, facilitating equity finance to entrepreneurs.
