Haveri: The pandemic and its impact on the economy forced the state government to reduce its revenue forecast, which is believed to be the largest. Chilly Market in Asia: byadagi In Haveri district, though the state government had set a revenue target of Rs 9.5 crore from the market for the financial year 2021-22, the market has already recorded a business of Rs 11.2 crore, which is much higher than the conservative estimate of the state government. Is. What makes this achievement even more remarkable is the fact that the market has been able to consistently beat the government’s estimates for the past four years, and has managed to achieve consistent sales and record revenue which is consistent with the current state of the economy. spoils it. In 2020-21, when the state government had estimated that Byadgi Bazar would record a revenue of Rs 15 crore, sales jumped to Rs 18 crore. Stakeholders attribute the reduction in sales to impressive Agricultural Produce Market Committee ,APMC) cess.
The hike in the price of Byadgi chillies, coupled with the sale of a quintal crop for a record Rs 70,000, ensured that many farmers in northern Karnataka continued to cultivate it. The sales of Byadgi chillies helped to increase the revenue of the market this year, with the sales of the crop registering higher as compared to the previous financial year.
Byadgi Chilli Market Secretary Adappa expressed happiness over the impressive profits of many farmers across North Karnataka this year. “Farmers are coming to the market from neighboring Telangana and Andhra Pradesh states, not to mention even parts of Maharashtra. They could harvest a bumper crop, but heavy rains and floods reduced the yield,” he said.
However, a trader in the market stressed on the need to improve the condition of the road connecting the market to Byadgi town. “The road widening project has been on hold for the past few years. The state government should allocate necessary funds for improving the infrastructure around the market,” he said.
The hike in the price of Byadgi chillies, coupled with the sale of a quintal crop for a record Rs 70,000, ensured that many farmers in northern Karnataka continued to cultivate it. The sales of Byadgi chillies helped to increase the revenue of the market this year, with the sales of the crop registering higher as compared to the previous financial year.
Byadgi Chilli Market Secretary Adappa expressed happiness over the impressive profits of many farmers across North Karnataka this year. “Farmers are coming to the market from neighboring Telangana and Andhra Pradesh states, not to mention even parts of Maharashtra. They could harvest a bumper crop, but heavy rains and floods reduced the yield,” he said.
However, a trader in the market stressed on the need to improve the condition of the road connecting the market to Byadgi town. “The road widening project has been on hold for the past few years. The state government should allocate necessary funds for improving the infrastructure around the market,” he said.