Earmarked fund for farmers to lower agri-commodity trading costs and subsidize participation under SEBI framework. Stock exchanges must create a segregated fund comprising the regulatory fee foregone by SEBI to be used exclusively to facilitate participation by farmers and Farmer Producer Organizations in agri-commodity derivatives markets. Investment returns must be reinvested. Exchanges must prepare and publish an annual action plan for full utilisation in the succeeding financial year, detailing proposed financial assistance and activities, and notify SEBI. The fund may subsidise warehousing, assaying, packaging, transport, mark-to-market funding, broker fees, delivery charges and repository fees, subject to equitable distribution and prescribed caps.
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Provisions expressly mentioned in the judgment/order text.
Earmarked fund for farmers to lower agri-commodity trading costs and subsidize participation under SEBI framework.
Stock exchanges must create a segregated fund comprising the regulatory fee foregone by SEBI to be used exclusively to facilitate participation by farmers and Farmer Producer Organizations in agri-commodity derivatives markets. Investment returns must be reinvested. Exchanges must prepare and publish an annual action plan for full utilisation in the succeeding financial year, detailing proposed financial assistance and activities, and notify SEBI. The fund may subsidise warehousing, assaying, packaging, transport, mark-to-market funding, broker fees, delivery charges and repository fees, subject to equitable distribution and prescribed caps.
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