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PM Modi launches National Agriculture Market
portal
Prime Minister Narendra Modi, launched National
Agriculture Market portal (e-NAM), an online
portal for trading in agriculture produce,
which promises to liberate farmers from the
clutches of middlemen and realise fair market
value for their yields.
Using this portal, a farmer can decide where
his produce will be sold, when it will be
sold, and at what price.
The e-NAM marketplace will initially enable
farmers in eight States namely Uttar Pradesh,
Madhya Pradesh, Jharkhand, Himachal Pradesh,
Gujarat, Telangana, Rajasthan and Haryana.
25 commodities will be initially sold online,
which include chana (black gram), castor seed,
paddy, wheat, maize, turmeric, onion, mustard,
mahua flower, tamarind and shelling pea.
The number of wholesale mandis to which farmers
will have access through e-NAM is currently
21 and it would soon be increased to 200.
14 States have amended their Agriculture Produce
Market Committee (APMC) Act to allow e-trading.
Among them are Andhra Pradesh, Chhattisgarh,
Karnataka, Sikkim, Goa and Mizoram.
The idea behind the online market is to provide
transparency in pricing by removing the information
asymmetry between sellers and buyers and enable
farmers to benefit from price discovery.
It will also reduce transaction cost, provide
a single licence valid across all markets,
help farmers identify the best buyers, enable
single-point levy of market fees, and set
quality standards.
The Agriculture Ministry has targeted integrating
all 585 regulated markets on the e-NAM platform
by March 2018; of these, 200 will be on board
by September 2016, 200 more by March 2017,
and the other 185 markets by the end date.
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