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?
Introduction - E NAM It is an online trading platform for agricultural commodities in India. It was launched on April 14, 2016, and is completely funded by the Government of India. The Small Farmers Agribusiness Consortium (SFAC) acts as the lead agency for implementing e-Nam under the Ministry ofRead more
Introduction – E NAM
- It is an online trading platform for agricultural commodities in India.
- It was launched on April 14, 2016, and is completely funded by the Government of India.
- The Small Farmers Agribusiness Consortium (SFAC) acts as the lead agency for implementing e-Nam under the Ministry of Agriculture and Farmers Welfare.
- It aims to create better marketing opportunities for the farmers to sell their products through a competitive and transparent price discovery system, along with an online payment facility for the buyers.
Benefits to farmers
- E nam provides enhanced and expanded possibilities for selling products, resulting in fair competition
- The scheme allows farmers to have access to the national level market with prices determined by the quality of their products
- Online payment are transferred directly to the bank account of farmers.
- The farmers can choose any Mandi within 100km range to sell their products
- Cheap and nearest truck or tractors can be available to them through logistic module
- If the farmers don’t want to sell their products at a low price they can store it in a warehouse and sell it later. Farmer can take electronic warehouse receipt and can sell their products through it on e- nam
- Farmers can auction their products can see live bid rate and get best price for their product it was especially designed to improve financial conditions of farmers
- Farmers can sell their produce in more than one market
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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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