Sign In
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

23 Sep

Quad grouping

'Prime Minister Narendra Modi arrived in the United States, where he will participate in the fourth Quad Leaders Summit in Wilmington, Delaware.' Quad s the grouping of four de

Read More

21 Sep

India Achieves Tier 1 Status in Global Cybersecurity Index 2024

' India has secured Tier 1 status in the Global Cybersecurity Index (GCI) 2024, published by the International Telecommunication Union (ITU).' The GCI is a comprehensive assessm

Read More

21 Sep

A new White Revolution

'Operation Flood, launched in 1970, ushered in the White Revolution and transformed the dairy sector in India.' Dairy cooperatives procured 660 lakh kg of milk per day in 2023-2

Read More

India’s First Ai-Driven Magazine Generator

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