National Agriculture Market
Description
National Agriculture Market
Description: Discover the National Agriculture Market (e-NAM) initiative, fostering a unified platform for transparent trading of agricultural commodities across India. Explore its benefits including real-time price discovery, reduced transaction costs, and direct online payments to farmers' accounts.
National
Agriculture Market (e-NAM) is a pan-India electronic trading portal which
networks the existing Agricultural Produce Market Committee(APMC) mandis 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.
The e-NAM portal
provides single window services for all APMC related information and services.
This includes commodity arrivals, quality & prices, buy & sell offers
and e-payment settlement directly into farmers’ account, among other services.
It aims to
promote uniformity in agriculture marketing by streamlining of procedures
across the integrated markets, removing information asymmetry between buyers
and sellers and promoting real-time price discovery based on actual demand and
supply.
Objectives
• To integrate
markets first at the level of the States and eventually across the country
through a common online market platform, to facilitate pan-India trade in
agricultural commodities.
• To streamline
marketing/transaction procedures and make them uniform across all markets to
promote efficient functioning of the markets.
• To promote
better marketing opportunities for farmers/sellers through online access to
more buyers/markets, removal of information asymmetry between farmer and
trader, better and real-time price discovery based on actual demand and supply
of agri- commodities, transparency in auction process, prices commensurate with
quality of produce, online payment etc. that contribute to marketing
efficiency.
• To establish
quality assaying systems for quality assurance to promote informed bidding by
buyers.
• To promote
stable prices and availability of quality produce to consumers.
Pre-requisites for e-NAM
There are three
basic criteria for a state to propose Mandis for e-NAM:
• The state APMC
Act must have a specific provision for e-auction/electronic trading asmode of
price discovery.
• There must be
one single trading license to be valid across the state/UT
• A single point
levy of market fee across the State/UT.
Beneficiaries & Benefits of the Scheme
e-NAM is designed
and implemented to benefit all the stakeholders – farmers, mandis, traders,
buyers, FPOs, processers and the exporters.
The benefits to
stakeholders include:
• Transparent
online trading with enhanced accessibility to the market.
• Real time
price discovery for better & stable price realization for producers.
• Reduced
transaction cost for buyers.
• Availability
of information on e-NAM mobile app about commodity prices. The details of price
of commodity sold along with quantity are received through SMS.
• Quality
certification.
• More efficient
supply chain& warehouse based sales.
• Online payment
directly to the bank accounts of the farmers.
Outcome of the Scheme
• Single license
for trading across all markets in a State.
• Single point
of market fee.
• Electronic
auction for transparent price discovery.
• Easier norms
for obtaining trading licenses.
• Abolition of
fragmented markets.
• Seamless
transfer of agricultural commodities.
• Improved
supply-chain and reduced wastage.
• Increased
price share for the farmers.
• Wholesale
based sales.
• Quality based
informed training.
Achievements
• More than 1.75
crore Farmers & 2.43 Lakh traders have registered on e-NAM platform (as on
March 31, 2023).
• 2,575 FPOs
have been onboarded on e-NAM platform.
• Traded value
worth ₹ 2.50 lakh crore has been recorded on
e-NAM platform.
• As on March 16, 2023, 1361 mandis of 23 States and 4 UTs have been integrated with e-NAM platform. Digital India Award 2022: Electronic National Agriculture Market (e-NAM) initiative of Ministry of Agriculture won Platinum Award (1st) in the Digital Empowerment of Citizens Category.
