(1) A producer and consumer market yard may be set up with suitable infrastructure in accordance with the provisions of this Act and rules made thereunder by any person or a group of producers or the Market Committee, as the case may be, in any notified market area for retail sale, on fulfilment of such terms and conditions and in such manner, as may be prescribed.
(2) Any person other than market committee and Board, who desires to establish private producer and consumer market yard in any notified market area under section 7, shall apply to the State Government or any officer authorized by it in this behalf along with requisite fee for grant of license and the such authority shall grant the licence for such period, in such form, on such terms and conditions, as may be prescribed.