Topics Covered: e-technology in the aid of farmers.
National Agriculture Market (e-NAM):
Context:
So far, more than 1.69 crore Farmers & 1.55 Lakh traders are registered on e-NAM platform.
What is e-NAM?
- E-NAM (National Agriculture Market) is an online trading platform for agriculture produce aiming to help farmers, traders, and buyers with online trading and getting a better price by smooth marketing.
- 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.
NAM has the following advantages:
For the farmers, NAM promises more options for sale. It would increase his access to markets through warehouse-based sales and thus obviate the need to transport his produce to the mandi.
For the local trader in the mandi / market, NAM offers the opportunity to access a larger national market for secondary trading.
Bulk buyers, processors, exporters etc. benefit from being able to participate directly in trading at the local mandi / market level through the NAM platform, thereby reducing their intermediation costs.
InstaLinks:
Prelims Link:
- Who implements eNAM?
- Composition of SFAC.
- Which states have not implemented eNAM?
- What are APMCs? How are they administered?
Mains Link:
Write a note the National Agriculture Market (eNAM).
Sources: PIB.
