The APMC bill, which seeks to provide effective regulation in marketing of agricultural produces as well as establishment of proper marketing system in Uttarakhand, has received assent from governor margaret alva.
The bill, after approval of the governor has been returned to the government, Rajbhavan sources said on Tuesday.
A notification in this regard is likely to be issued soon by the government, following which the act would come into force, officials said.
The Uttarakhand agriculture produce marketing (development and regulation) bill 2011 was passed by the house in March during the budget session and was later sent to the governor for her nod.
The new bill seeks to regulate the sale and purchase of agriculture produces and envisages establishment of marketing development fund in the hill state.
It contains provisions for setting up private markets, enabling contract farming and constitution of regulatory authority to ensure a level playing field between the government controlled and private mandis.
Private mandis would mean slashing out extra cess such as the mandi cess and other charges, reducing final cost for consumers and buyers, and allowing better gains for farmers.
There will be some safeguards in the contract farming process — it will not be performed unless the buyer has registered himself in that market committee.