Why in news?
e-NAM is now developing as “Platforms of Platform” to create a digital ecosystem that leverage the expertise of individual platforms across various segments of agri. value chainviz. developing and Integrating service platform with e-NAM (QC services, transportation & delivery services, sorting/grading services, packaging services, insurance, trade finance, warehouses etc.), enabling the farmers to add value to their produce and facilitate them with ease of agri marketing.
New addition
- The government would integrate an additional 1,000 mandis with electronic National Agriculture Market (eNAM) in the coming financial year to enhance farmers’ access to multiple markets and buyers across the country, an official statement said on Thursday.
- The Agriculture Ministry has linked 1,000 mandis in the country to eNAM and the latest Budget has made provisions for extending this to another 1,000 mandis, the statement said adding that over 1.69 crore farmers and 1.55 lakh traders have already registered on the digital platform.
- The digital trading system so far has seen trading of 41.3 million tonnes of bulk commodities and 36.8 million coconut and bamboo worth approximately ₹1.22-lakh crore
National Agriculture Market (eNAM)
- It is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.
- Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing eNAM under the aegis of Ministry of Agriculture and Farmers’ Welfare, Government of India.
Vision
To promote uniformity in agriculture marketing by streamlining of procedures across the integrated markets, removing information asymmetry between buyers and sellers and promoting real time price discovery based on actual demand and supply.
Mission
Integration of APMCs across the country through a common online market platform to facilitate pan-India trade in agriculture commodities, providing better price discovery through transparent auction process based on quality of produce along with timely online payment.
Source: PIB
