Economic Interest 02 :- Agricultural reforms
History of Agricultural law Essential commodity act, 1955 Essential Commodity Act, 1955 is an old law inherited by British India like many other laws. There are many good and bad laws which are inherited by British India. This is one of the bad ones. This law was passed during World War 2. So Britishers could regulate and control how much, and which commodity will be stored by a grocer in India. Which helped Great Britain to ensure food supply to Europe when many parts of India were facing famines {especially Great Britain}. In 1955 , Indian farmers were trapped in a debt trap. Moneylenders and Zamindars used to give loans. Since majority of farmers couldn’t pay back loans, they were supposed to take new loans. To avoid this exploitation, The Government of India introduced APMC. Thus, it was mandatory for the farmers to sell their products at a Mandi. Traders were issued licences and could buy produce only from Mandi. Thus, a centralised system was created to avoid the exploitatio