A total of Rs 77.45 crore will be provided NERAMAC
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.
