The electronic National Agriculture Market (e-NAM) is an Indian government initiative launched in April 2016 to create a unified national market for agricultural commodities by connecting existing Agricultural Produce Market Committees (APMCs) markets through an electronic platform.
The main objective of e-NAM is to provide farmers with a wider market for their produce by breaking down the traditional barriers of state borders and creating a national market for agricultural commodities.
The e-NAM platform uses digital technologies such as electronic trading, online price discovery, and online payment systems to create a transparent and efficient market for agricultural commodities.
Features of e-NAM
Online trading: This platform allows farmers to sell their produce to buyers from across the country through an online trading platform.
Price discovery: This platform provides real-time price information to farmers, traders, and buyers, to help them make informed decisions about buying and selling agricultural commodities.
Payment systems: This platform provides farmers with the option to receive payments for their produce through online payment systems, which helps to reduce transaction costs and increase efficiency.
Quality Assurance: It provides facilities for farmers to get their produce graded, ensuring the quality before trading
Grading and Standardization: It provides facilities for farmers to get their produce graded, ensuring the quality before trading
Marketing support services: It also provides services like warehousing, transportation, and export promotion services to farmers.
Objectives of The National Agriculture Market (e-NAM)
To create a unified national market for agricultural commodities by connecting existing Agricultural Produce Market Committees (APMCs) markets through an electronic platform.
To provide farmers with a wider market for their produce by breaking down the traditional barriers of state borders and creating a national market for agricultural commodities.
To increase the competitiveness and bargaining power of farmers by providing them with real-time price information and a wider range of buyers to sell to.
To increase transparency and efficiency in the agricultural market by providing an electronic platform for trading and payment, which reduces transaction costs and increases the speed of execution.
To increase the competition among buyers and reduce dependence on middlemen, which can help to increase the prices for farmers
To provide grading and standardization facility to farmers for better pricing of their produce
To provide online trading and payment system which will bring down the transaction cost and reduce the time in buying and selling produce
To provide marketing support services, such as warehousing, transportation, and export promotion services, to farmers to help them access new markets and achieve better prices for their produce.
To enhance the participation of FPOs and SHGs to enable them to get a better price for the product and to increase their competitiveness
To increase the farmer’s income and help to increase the agricultural production in the country.
Kmwt
July 18, 2023Great