In a significant move aimed at improving the ease of doing business in agricultural markets, the Chandigarh Administration has amended provisions related to mandi licensing, removing key financial requirements and extending the validity of licences. The changes are expected to benefit traders, commission agents, and other stakeholders operating under the agricultural marketing framework in the Union Territory.
Under the amended provisions, applicants seeking licences under the Act will no longer be required to furnish bank guarantees or deposit cash security at the time of obtaining a licence. Officials said the decision was taken to reduce the financial burden on market participants and simplify the licensing process. The measure is expected to make market access easier, particularly for small and medium traders who often face difficulties in arranging such financial securities.
Another major reform relates to the duration of licences issued under Section 10 of the Act. Earlier, licences were valid for only three years, requiring periodic renewals and additional paperwork. With the latest amendments, the validity period has been increased substantially to 10 years. Authorities believe the longer duration will provide greater operational stability and reduce administrative hassles for licence holders.
The administration stated that the reforms are part of ongoing efforts to modernise mandi operations and create a more business-friendly environment. By reducing compliance requirements and minimising recurring procedural obligations, the amendments are expected to improve efficiency within agricultural markets.
Stakeholders have welcomed the changes, viewing them as a practical step towards streamlining regulatory processes. The revised licensing framework is likely to encourage greater participation in mandi activities while supporting smoother and more efficient market operations across Chandigarh.
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