Evaluate the role of the e-NAM in reducing price disparities and improving market integration for agricultural commodities. What challenges does it face in its implementations?
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Evaluate the role of the e-NAM in reducing price disparities and improving market integration for agricultural commodities. What challenges does it face in its implementations?
The government approved the linking of 101 APMC mandis into the e-NAM platform. Significance of this move: It is expected to boost the turnover of the platform. e-NAM aims to create a central online platform for agricultural commodity price discovery by integrating all existing APMC maRead more
The government approved the linking of 101 APMC mandis into the e-NAM platform.
Significance of this move:
It is expected to boost the turnover of the platform.
e-NAM aims to create a central online platform for agricultural commodity price discovery by integrating all existing APMC markets.
The unified market is expected to aid price discovery and boost farm income.
The platform will also offer choices to farmers to sell their produce as multiple APMC mandis will be integrated.
Along with APMC integration, the Platform of Platforms (PoP) within the e-NAM portal will facilitate farmers to sell their produce outside their State borders.
Due to digital access, the reach will widen to multiple markets and buyers.
The move will also help bring transparency to business transactions which will help in better price discovery.
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