Centre to simplify Coffee Act to promote ease of doing businesss

PTI, Sep 19, 2021, 11:15 AM IST

Image Credit: ANI

The government will relook at the coffee law to make it suitable as per the present needs of the sector and facilitate its growth, the commerce ministry said on Saturday.

The issue was discussed, among other things, in an interaction of Commerce Minister Piyush Goyal with coffee growers, roasters, exporters and other stakeholders at Coffee Board Head Office, Bengaluru.

Coffee growers expressed concerns over losing their lands in view of the notices issued by banks under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act.

The minister assured coffee growers that the issue will be favourably discussed with other ministries concerned and a suitable solution would be found at an early date, it said.

The present Coffee Act was enacted in 1942 and has many provisions which are redundant and are impediments to the coffee trade.

“Therefore, it was decided in the meeting to completely relook at the provisions of the Act and to remove the provisions which are restrictive and regulatory in nature so as to bring out a simple Act that suits the present needs of the coffee sector and facilitates its growth,” the statement said.

Several exporters have raised concern that due to increase in international freight rates, the Indian agri-exports to several destinations have become uncompetitive.

They sought increased assistance under Transport and Marketing Assistance Scheme (TMA).

Goyal assured the exporters that a special package to assist agri-exports at least for one year will be considered under the scheme to tide over the present crisis.

On the issue of Coffee White Stem Borer disease, the minister said a request will be made to Agriculture Department and Indian Council of Agricultural Research (ICAR) to initiate advanced research on this.

Further, the Coffee Board requested the minister to announce restructuring of all existing loans into a single term loan with long repayment period and also extend fresh working capital with soft interest.

Goyal assured them that a feasible package will be worked out after discussion with ministries concerned, it added.

The minister has directed Coffee Board to develop a dashboard for real time updation of extension activities including field visits, workshops, demonstrations, seminars to be undertaken by the extension personnel in the farmers’ fields and to effectively monitor the same.

Dispelling stakeholders’ apprehension that Coffee Board would be closed, Goyal said the government has no such intentions.

However, in order to provide better services to coffee growers especially small growers, it is proposed to shift Coffee Board from Ministry of Commerce to Ministry of Agriculture, the statement said adding this will ensure that benefits of all the schemes for agriculture sector are extended to coffee growers.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Kerala CM holds talks with US pharma company officials in New York

HC confirms capital punishment on man who killed five, including three of his children

Liquor love on a budget! Kudukara Sangha makes a special appeal to CM

BJP’s response on Kharge’s letter to Modi example of intolerance: Chidambaram

Army chief advises IMA grads to evolve with changing times to be combat ready

Road accident death rate has dropped in Kerala after AI cameras became operational: Transport Minister

Donald Trump described Pentagon plan of attack and shared classified map, indictment says

Related Articles More

Vistara faces shortage of cabin crew uniforms amid supply chain headwinds

Rs 5,551-crore FEMA violation: ED issues show-cause notices to Xiaomi, 2 senior executives, 3 foreign banks

CEA against concept of Universal Social Security as it may generate ‘perverse incentives’

RBI not planning to regulate social media influencers

RBI opts for pause 2nd time in a row; keeps repo rate unchanged at 6.5%


Learn How to Make Egg Ghee Roast

Sharada Peeth raised in Pakistan occupied territory What is the background?

Balasore Train Tragedy

36 years of delicious food at Hotel Archana

Here are the terms of guarantee schemes

Latest Additions

Embarrassed with textbooks, Yogendra Yadav asks NCERT to drop name as adviser

Somali security forces end hourslong extremist attack on Mogadishu hotel, state media says

PM Modi fulfilled dreams of middle class: Shah

Road accident death rate has dropped in Kerala after AI cameras became operational: Transport Minister

Meerut: Husband held after encounter in connection with lawyer wife’s killing