The GOI has started implementing the National Agriculture Market (e-NAM) scheme to enable transparent online trading of agricultural and horticultural commodities. Till now, a total of 1,389 mandis across 23 states and 4 Union Territories (UTs) have been successfully integrated with the e-NAM platform.
The National Agriculture Market (e-NAM) scheme offers several key benefits aimed at transforming agricultural trade in India.
1. Transparent Price Discovery: e-NAM facilitates transparent price discovery for farmers by enabling competitive online bidding, helping them get fair prices for their produce based on real-time market conditions.
2. Better Market Access for Farmers: Farmers have the ability to sell their produce in multiple mandis across states through the e-NAM platform, providing wider market access and reducing dependence on local mandis that may offer lower prices.
3. Increased Efficiency and Reduced Intermediaries: By connecting farmers directly to traders and buyers, e-NAM eliminates the role of intermediaries, thus reducing the chances of exploitation and ensuring farmers receive a larger share of the final price.
4. Boost to Farmer Producer Organizations (FPOs): The platform supports the growth of FPOs, allowing them to access better market opportunities and negotiate better prices for their collective produce, thus improving their income.
5. Market Integration Across Regions: e-NAM integrates mandis from different states and Union Territories, allowing seamless trading and the movement of agricultural produce across regions, helping create a more integrated national agricultural market.
6. Access to Digital Trading: e-NAM provides a digital trading platform, allowing farmers to conduct transactions online, which is particularly helpful in remote or rural areas with limited access to traditional markets.
7. Reduction in Transaction Costs: The use of the online platform reduces the costs associated with transportation, commission agents, and other middlemen, making it more cost-effective for farmers.
8. Real-Time Market Information: Farmers can access real-time information about market trends, prices, and demand for different agricultural commodities, helping them make informed decisions about when and where to sell their produce.
9. Increased Sales and Profits: By allowing direct access to buyers and reducing costs, e-NAM helps farmers increase their sales and profits, improving their overall financial stability.
10. Inclusive Growth: e-NAM benefits all stakeholders, including farmers, traders, and buyers, by creating a more competitive and efficient agricultural market that encourages fair trade practices.
Overall, the e-NAM platform aims to empower farmers by improving market access, increasing transparency, and ensuring better prices, thus contributing to the overall growth and modernization of India’s agricultural sector.
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