Highlights of the scheme
- National Agriculture Market (NAM) is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.
- The NAM Portal provides a single window service for all APMC related information and services.
- NAM creates a unified market through online trading platform, both, at State and National level and promotes uniformity, streamlining of procedures across the integrated markets, removes information asymmetry between buyers and sellers and promotes real time price discovery, based on actual demand and supply.
- It promotes transparency in auction process, and access to a nationwide market for the farmer, with prices commensurate with quality of his produce and online payment and availability of better quality produce and at more reasonable prices to the consumer.
- New Features added to the scheme such as E-NAM Mobile App, BHIM Payment facility, MIS dashboard for better analysis and insights, grievance redressal mechanism for Mandi Secretaries and integration with Farmer Database to ease the registration and identification process will further strengthen e-NAM.
Funding
- Scheme is being funded through Agri- Tech Infrastructure Fund (AITF).
Beneficiaries
- Farmers: NAM promises more options for selling produce and making competitive returns.
- Traders: NAM will provide access to larger national market for secondary trading.
- Buyers, Processers & Exporters: NAM will enable direct participation in the local mandi trade, reducing intermediation cost.
Challenges
- Since agriculture is a state subject, state governments enacted separate APMC Acts.
- APMCs levy multiple fees of substantial magnitude that are non-transparent and hence a source of political power
Share:
