Electronic National Agriculture Market (e-NAM)
Source : PIB
Prelims
What is discussed under Electronic National Agriculture Market (e-NAM)?
- About e-NAM
About e-NAM
- It is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.
- NAM is a virtual market but it is connected to a physical market (mandi) at the back end and promotes genuine price discovery.
- Funded by Agri-Tech Infrastructure Fund (ATIF) which is set up through the Small Farmers Agribusiness Consortium (SFAC).
- Liberal licensing of traders and commission agents by state authorities and one license for a trader is valid across all markets in the state.
- Single point levy on the first wholesale purchase from the farmer.
- A Central Sector Scheme. Willing states enact suitable provisions in their APMC act for integration with the e-platform.
- Soil Testing Laboratories available in the mandis itself.
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