E-NAM PLATFORM (Syllabus: GS Paper 3 – Economy)

News-CRUX-10     5th February 2024        
Samadhaan

Context: With more states opening up or facilitating trade of agricultural commodities on the electronic National Agriculture Market (eNAM), there has been a spurt in trading among various markets within the state as well as at the inter-state level.

oThe platform currently allows online trading in 209 agricultural, horticultural and other commodi- ties notified by respective state governments.


Electronic National Agriculture Market (e-NAM)

  • About: It is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.
  • Implementing Agency: Small Farmers Agribusiness Consortium (SFAC).
  • Nodal Ministry: Ministry of Agriculture and Farmers’ Welfare.
  • Vision: To promote uniformity in agriculture marketing by streamlining of procedures across the integrated markets.
  • Mission: The recent integration of APMCs nationwide via a unified online market platform enables pan-India agricultural trade, enhancing price discovery through transparent auctions based on produce quality, coupled with prompt online payments.
  • Features

oFarmers' Product Showcase: The eNAM portal empowers farmers to exhibit their products in nearby markets, enabling traders from any location to provide price quotations.

oAPMC Services: e-NAM offers a unified platform for all Agricultural Produce Market Committee (APMC) services, encompassing commodity arrivals, quality and prices, buy and sell offers, and direct e-payment settlements into farmers' accounts.

oStreamlined Licensing Process: Utilizing eNAM services, traders, buyers, and commission agents can acquire licenses from state-level authorities without any prerequisites of physical presence or ownership of a shop or premises in the market yard.

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