Functions of APMC are:
(i) To promote public private partnership in the ambit of agricultural markets.
(ii) To provide market led extension services to farmer.
(iii) To bring transparency in pricing system and transactions taking place in market in a transparent manner.
(iv) To ensure payments to the farmers for the sale of agricultural produce on the same day.
(v) To promote agricultural activities.
(vi) To display data on arrivals and rates of agricultural produce from time to time into the market.

(i) A Kisan Credit Card (KCC) is a credit delivery mechanism that is aimed at enabling farmers to have quick and timely access to affordable credit. It was launched in 1998 by the RBI and NABARD. The scheme aims to reduce farmer dependence on the informal banking sector for credit which can be very expensive and suck them into a debt spiral.
(ii) The card is offered by co-operative banks regional rural banks and public sector banks. The working of KCC, the government has advised banks to convert the KCC into a Smart card cum Debit Card.

The primary objectives of the industrial sector were to promote major industries from the clutches of bureaucrats, to abolish restrictions on foreign direct investment, to liberate the indigenous enterprises from the restrictions of MRTP Act, to maintain a sustained growth in productivity and employment and also to achieve international competitiveness.

(i) Goods and Services Tax is defined as the tax levied when a consumer buys a good or service.
(ii) It is proposed to be a comprehensive indirect tax levied on manufacture, sale and consumption of goods and services.
(iii) It replaces all indirect taxes on goods and services by the government.
(iv) It is a one-point tax.
(v) The GST Act was passed on 29th March 2017 and came into effect on 1st July 2017.
(vi) The motto is one nation, one market, one tax.
Advantages:
(i) Removing Cascading tax effect.
(ii) Single point tax.
(iii) Higher threshold for registration.
(iv) Composition scheme for small business.
(v) Online simpler procedure under GST.
(vi) Defined treatment for e-commerce
(vii) Increased efficiency in logistics.
(viii) Regulating the unorganized sector

Free imports and exports:
(i) Before 1991, imports were regulated.
(ii) From 1992, imports were regulated by a limited negative list.
(iii) Trade Policy of 1st April 1992 freed imports of almost all intermediate and capital goods.
(iv) Only 71 items remained restricted.
(v) This would affect domestic industries.
Rationalization of tariff structure and removal of quantitative restriction:
(i) The Chelliah Committee's Report had suggested 50 % reduction in import duties.
(ii) The 1991-92 budget had reduced the peak rate of import duty from more than 300% to 150%. The process of lowering the customs tariffs was carried further in successive budgets.
(iii) This also affected the domestic industries.

(i) To promote public private partnership in agricultural markets.
(ii) To provide market-led extension services to farmer.
(iii) To bring transparency in pricing system and transactions in a market.
(iv) To ensure payments to the farmers for their sale on the same day.
(v) To promote agricultural activities.
(vi) To display data on arrivals and rates of agricultural produce from time to time.

(i) Though India is the largest producer of fruits and second largest producer of vegetables in the world, the per capita availability of fruits and vegetables is low because of post-harvest losses.
(ii) Quality of produce deteriorates. There is price fluctuations.
(iii) In order to overcome these problems, the government of India and Ministry of Agriculture formed the 'Cold Storage Order, 1964' under Section 3 of the Essential Commodities Act 1955.
(iv) But still the cold storage facility is poor.

(i) Foreign investment and foreign technology enhanced the industrial competition and improved business environment in India.
(ii) Foreign investment including FDI and FPI were allowed. In 1991 automatic permission was granted for foreign direct investment in a specified list of high technology and high investment priority industries up to 51 % foreign equity.
(iii) The limit was raised to 74 % and later 100 %.
(iv) Foreign Investment Promotion Board negotiates with international firms and approves FDI.

(i) Import controls through licensing was abolished.
(ii) Customs and tariff and non-tariff policies were modified.
(iii) Liberalisation of foreign investment.
(iv) Imports were discouraged and exports encouraged.

(i) When compared to public enterprises, private sector shows better results in revenue, efficiency and productivity.
(ii) Best human talent of entrepreneurs are brought out.
(iii) Financial deficits and debts are reduced.
(iv) Provides better and prompt services to customers.