ADVERTISEMENT

e-NAM commences inter-state trade between mandis using e-payments

ADVERTISEMENT
National Agriculture Market (eNAM), a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities, has commenced inter-state trade between mandis of two different states using e-payments.
 
Earlier, trade used to happen either within the Agriculture Produce Market Committee (APMC) or between two APMCs situated within the same state. 
 
The first inter-state transaction in tomatoes has been carried out between a trader of Bareilly e-NAM APMC of Uttar Pradesh and farmer of Haldwani e-NAM APMC of Uttarakhand, an official press release said.
 
Similarly, inter-state transactions in potatoes, brinjal and cauliflower have been carried out between the e-NAM mandis of Uttarakhand and Uttar Pradesh. In all the cases, e-payments have been made through the e-NAM portal. This will helps farmers get better market access, more buyers/ traders and realise better prices for their produce.
 
The release said that, to facilitate inter-state trade between the e-NAM States, the Ministry of Agriculture & Farmers’ Welfare conducted a series of coordination meetings with concerned States and Mandi board officials/ Mandi secretaries. As a result of these interactions, both the States have now facilitated licensing of traders of each other for inter-State trade on the e-NAM portal.
 
e-NAM is a pan-India electronic trading (e-trading) portal which seeks to network the existing physical regulated wholesale market (known as APMC market) through a virtual platform to create a unified national market for agricultural commodities. 
 
e-NAM platform promotes better marketing opportunities for the farmers to sell their produce through online competitive and transparent price discovery system and online payment facility. It also promotes prices commensurate with the quality of produce. 
 
The e-NAM portal provides single window services for all APMC related information and services. This includes commodity arrivals, quality & prices, buy & sell offers & e-payment settlement directly into farmers’ account, among other services.
 
Farmers can access the information on e-NAM easily through their mobile phones from anywhere. This online trading platform aims at reducing transaction costs, bridging information asymmetry and helps in expanding the market access for farmers. 
 
So far, 585 Regulated Markets of 16 States and 2 Union Territories have been integrated into the e-NAM platform. The Government has also decided to integrate additional 415 markets by March 2020. “Logistic providers” information is also being provided in the e-NAM portal to traders from outside the State, which will facilitate transportation of commodities after trading. An Inter-State dashboard on the e-NAM platform has been developed to promote inter-state trade among e-NAM states, the release added.
 
NNN

(Our News Desk can be contacted at desk@netindian.in)

Did you like this story? Make a donation and help us to serve you better.
ADVERTISEMENT
 

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <canvas>
  • Lines and paragraphs break automatically.

More information about formatting options

© Copyright 2012 NetIndian. All rights reserved. Republication or redistribution of NetIndian content, including by framing or similar means, is expressly prohibited without the prior written consent of NetIndian Media Corporation. Write to info[AT]netindian[DOT]in for permission to use content. Read detailed Terms of Use.