“This will ensure that the benefits of all the schemes of agriculture are extended to the coffee growers,” the commerce and industry ministry said in a statement.
“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 to the present needs of the coffee sector and facilitates it’s growth,” the ministry said.
Goyal also said that a special package to assist agri-exports at least for one year will be considered under the Transport and Marketing Assistance (TMA) under which the government reimburses a certain portion of international freight charges.
He also assured them that the Centre will make efforts to bring suitable provisions in the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act to resolve problems faced by plant growers to allay the coffee growers’ concerns on losing their lands in view of the notices issued by the banks under the Act.
As per the statement, the the issue will be discussed with other related ministries and a suitable solution would be found at an early date.
On the issue of special package for restructuring of coffee loans into a single term loan with long repayment period and interest subvention, the minister assured them of a feasible package in discussion with the ministries concerned.
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