electronic National Agriculture Market (e-NAM)
About the e-NAM
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.
Hello, I am Sonu Verma, M.Sc. (Horti.) Agriculture content writer, and an enthusiast who loves to share knowledge. No Culture Without Agriculture.