The government’s inability to promote more warehouses (under the Warehousing Development Regulations Act), and the state governments’ unwillingness to modify laws that could make such warehouses catalysts for rural prosperity and agricultural growth, is obviously going to hurt small farmers terribly in the coming years. It is possible that this is what K C Chakrabarty, Deputy Governor of the RBI, was hinting at in his address at the National Seminar on Productivity in Indian Agriculture, College of Agricultural Banking (CAB) earlier this month.
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