Facts for Prelims (FFP)
Source: PIB
Context: Union Minister for Consumer Affairs, Food & Public Distribution launched the ‘e-Kisan Upaj Nidhi’ initiative, aiming to ease warehousing logistics for farmers and ensure fair prices for their produce.
- The initiative will reduce security deposit charges at WDRA-registered warehouses from 3% to 1%, encouraging small farmers to utilize them.
- The platform can prevent distress sales by farmers, offering improved post-harvest storage opportunities.
- The initiative facilitates simplified digital processes for farmers to store produce at WDRA warehouses for six months at 7% interest per annum.
