Horti-Business Management (2+0)

Organization of Regulated Markets

• The primary object of regulating the markets is to safeguard the interest of the producers-sellers and raise the standard of the local markets where the first exchange of goods takes place. With a view to achieve this object in each of the regulated markets, Market Committees are established consisting of the representatives of the growers, traders, local bodies, sellers' co-operative shops and the State Government nominees. Producers are generally in the majority on these Committees.
  
• All business transactions are conducted within the market area under the rules and laws framed and administered by the Market Committee. The charges, allowances and deductions that can be levied are fixed and prescribed by the Market Committee and anyone charging more is likely to have his licence cancelled. The Market Committees look after the weights and measures and prohibit any use of unauthorized weights and measures and all weighing is done by licensed weigh men. Dealers in regulated markets are required to fix prices in public and keep accounts or returns in such a way that their submission to Market Committee at regular intervals is facilitated.