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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 

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