Learn bits
Economy
Mahesh

18/04/22 07:36 AM IST

National Agriculture Market Completed 6 years

In News 
  • e-NAM marks the sixth anniversary of the National Agriculture Market (e-NAM), a pan-India electronic trade network. 
  • The Small Farmers Agribusiness Consortium is implementing e-NAM, which was launched on April 14th in 2016 by Prime Minister Narendra Modi. 
  • It is completely funded by the Central Government.
e-NAM 
  • The National Agriculture Market (eNAM) is a pan-India electronic trading system that connects the existing APMC mandis to form a unified national agricultural commodities market.
  • Under the Ministry of Agriculture and Farmers’ Welfare of the Government of India, the Small Farmers Agribusiness Consortium (SFAC) is the key agency for implementing eNAM.
  • VISION- To enhance agricultural marketing uniformity by streamlining procedures across linked marketplaces, eliminating information asymmetry between buyers and sellers, and encouraging real-time price discovery based on actual demand and supply.
Source-PIB 

More Related Current Affairs View All

05 May

Key objectives of caste count

'The Union Cabinet has decided that the next Census will include questions on caste to its enumeration of India’s population, for the first time in almost a century. ' T

Read More

05 May

2 new genome-edited rice varieties

'Agriculture Minister Shivraj Singh Chouhan recently released two genome-edited varieties of rice, the first achievement of its kind in the country.' These two varieties, which

Read More

05 Mar

First-ever comprehensive survey of India’s river dolphins

'Prime Minister Narendra Modi released the results of the first-ever comprehensive population estimation of riverine dolphins – Gangetic and Indus dolphins – done in In

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps