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Public-Private Partnership (3P) in Agriculture
Dr. Banarsi Lal, Dr. Pawan Sharma
Public-private partnership (PPP or 3P) is said to be a long-term cooperative agreement between two or more public and private sectors. Through this agreement, skills and assets of each other (public and private) are shared in delivering a service or a facility for the use of general public. In order to make more development such kinds of initiatives are essential. Such arrangements are used by the Governments in late 20th century and early 21st century across the globe. Hundreds of different types of long-term contracts with a wide range of risk allocations, funding arrangements and transparency requirements are covered under the public-private partnerships. This concept is closely associated with concepts like privatisation and the contracting out of government services. The 3P cell was set up in 2006 in the Department of Economic Affairs (DEA), Ministry of Finance by the Government of India. India is