Source: PIB
Context: The Government of India has expanded the National Agriculture Market (e-NAM) by adding 9 new commodities, increasing the total tradable items to 247.
About e-NAM Expansion:
What It Is?
- The National Agriculture Market (e-NAM) is a pan-India electronic trading portal launched on 14 April 2016 to connect existing APMC mandis into a unified national market.
Aim: To promote uniformity in agricultural marketing, remove information asymmetry between buyers and sellers, and ensure transparent price discovery based on demand, supply, and quality.
Functions:
- Digital Marketplace: Provides an online platform linking APMCs, private markets, and buyers nationwide.
- Price Transparency: Enables real-time auctioning and fair price determination for farmers.
- Quality Assurance: Introduces quality assaying systems for informed bidding and value-based pricing.
- Ease of Transaction: Facilitates online payment, warehouse-based sales, and mobile app access to market data.
- Inclusive Beneficiaries: Serves farmers, traders, processors, exporters, and mandis through a single digital interface.
Recent Addition:
- 9 new commodities added: Green Tea, Tea, Aswagandha Dry Roots, Mustard Oil, Lavender Oil, Mentha Oil, Virgin Olive Oil, Lavender Dried Flower, and Broken Rice.
- This expansion raises the total to 247 commodities, enhancing trade diversity and boosting rural incomes.
