New Features Added To e-NAM – Economics – Free PDF Download

• Recently, the Ministry of Agriculture and Farmers’ Welfare has launched three new features of the National Agriculture Market (e-NAM) Platform.
• The new features will strengthen agriculture marketing by reducing farmers’ need to physically go to wholesale mandis for selling their harvested produce.

DETAILS

• Integration of Negotiable Warehouse Receipt System (e-NWRs) Module with e-NAM
• Under it, a warehouse trading module with payment feature is launched.
• It will enable small and marginal farmers to directly trade their stored produce from selected Warehousing Development and Regulatory Authority (WDRA) registered warehouses which are declared deemed market by the State.
• Farmers will be able to place their produce in WDRA accredited warehouses.
• Telangana (14 warehouses) and Andhra Pradesh (23 warehouses) have already declared designated warehouses as deemed markets.
• Benefits:
• Depositor can save the logistics expenses and will have better income.
• Farmers can sell the produce across the Nation at better price without going to mandi.
• Farmers with their produce in WDRA accredited warehouses can avail the benefit of pledge loan, if required.
• Price stabilization by matching supply and demand through time and place utility.
• FPO trading Module
• It will enable Farmer Producers’ Organisations (FPOs) to upload the picture of their produce and quality parameters from their premise/collection centres for bidding.
• Distant bidders can visualise the produce before bidding by seeing the pictures and quality.
• After successful bidding, FPOs can deliver the produce from their premises or by bringing it to mandi.
• Benefits:
• Decongest mandis and also reduce the hassle.
• This will help FPOs by reducing logistics costs and enhance their bargaining power.
• Facilitates FPOs to avail online payment facility with ease of doing business.
• Launch of Logistic Module
• A provision has been made for linking large logistic aggregator platforms providing choices to users.
• Presently, e-NAM provides a database of individual transporters to the traders.
• Traders will be able to use the link to navigate to the logistics provider’s website and select appropriate services.
• With these additions, more than 3,75,000 number of trucks from large logistic providers would be added for logistic purpose.
• Benefits:
• This will help in seamless transportation of agri-produce.
• This will promote inter-state trade by providing online transport facilities for distant buyers.

e-NAM

• Launched on 14th April 2016 as a pan-India electronic trade portal linking Agricultural Produce Market Committees (APMCs) across the States.
• It provides for contactless remote bidding and mobile-based anytime payment for which traders do not need to either visit mandis or banks for the same.
• Already 585 mandis in 16 States and 2 Union Territories have been integrated on e-NAM portal and will be soon expanded to cover additional 415 mandis, which will take the total number of e-NAM mandis to 1,000.

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