What is E-NAM Scheme ||Krishi Baazaar Registration ||E-NAM Application ||E-NAM Farmer’s Market || E-NAM PORTAL ||E-NAM Scheme
- Definition of National Agriculture Market (e-NAM)
- Historical background II. Objectives of National Agriculture Market (e-NAM)
- Enhancing transparency and competition
- Eliminating information asymmetry
- Creating a unified national market for agricultural commodities III. Salient features of National Agriculture Market (e-NAM)
- Trading platform
- Quality certification and assaying
- Payment and settlement system
- Integration with other e-marketplaces IV. Implementation of National Agriculture Market (e-NAM)
- Progress so far
- Challenges faced V. Impact of National Agriculture Market (e-NAM)
- On farmers
- On consumers
- On the agricultural sector VI. Future prospects of National Agriculture Market (e-NAM)
- Potential for expansion
- Role in doubling farmers’ income
What keywords and topics are recommended or required?
- Agricultural marketing
- Farmer’s income
- Agricultural commodities
- Quality certification
- Payment system
- Information asymmetry
- Unified national market
- Implementation challenges
What key questions do readers have that need to be answered?
- What is the National Agriculture Market (e-NAM)?
- How does the National Agriculture Market (e-NAM) work?
- What are the objectives of the National Agriculture Market (e-NAM)?
- What are the salient features of the National Agriculture Market (e-NAM)?
- What is the progress so far in implementing the National Agriculture Market (e-NAM)?
- What are the challenges faced in implementing the National Agriculture Market (e-NAM)?
- How does the National Agriculture Market (e-NAM) impact farmers?
- How does the National Agriculture Market (e-NAM) impact consumers?
- What is the future prospects of the National Agriculture Market (e-NAM)?
- What is the role of National Agriculture Market (e-NAM) in doubling farmers’ income?
National Agriculture Market (eNAM): Revolutionizing the Indian Agricultural Industry
- The Indian agricultural industry has long been known as the backbone of the country’s economy.
- However, for a long time, farmers had to rely on local traders and middlemen to sell their produce, leading to an inefficient system with low prices for farmers and high prices for consumers.
- The government realized the need for a more organized and efficient system for buying and selling agricultural produce and thus launched the National Agriculture Market (eNAM) in 2016.
- This digital platform aimed to connect farmers with traders and buyers across the country, providing a more transparent and efficient system for selling agricultural produce.
What is eNAM?
- eNAM is a pan-India electronic trading platform for agricultural produce that connects mandis (local marketplaces) across the country.
- The platform aims to create a unified national market for agricultural produce, facilitating seamless buying and selling of agricultural products.
- eNAM was launched under the aegis of the Ministry of Agriculture and Farmers’ Welfare, with the Small Farmers Agribusiness Consortium (SFAC) as the nodal agency.
The platform is built on a hub-and-spoke model, with the central platform (the hub) connecting various mandis (the spokes).
How does eNAM work?
- The eNAM platform works by creating an online market where farmers, traders, and buyers can connect and trade agricultural produce.
- Farmers can register on the platform and list their produce for sale, while traders and buyers can search for the produce they need and place bids. The platform provides a transparent system for price discovery and enables farmers to get better prices for their produce.
- One of the key features of eNAM is the provision of real-time information on prices and arrivals of agricultural produce.
- Farmers can access this information and make informed decisions about when and where to sell their produce. The platform also provides various facilities, such as assaying and grading, which help to standardize the quality of agricultural produce sold on the platform.
Benefits of eNAM
- eNAM has revolutionized the agricultural industry in India by providing a unified platform for buying and selling agricultural produce. The platform has brought several benefits to farmers, traders, and buyers.
- For farmers, eNAM has provided a transparent system for price discovery, enabling them to get better prices for their produce.
- The platform has also reduced their dependence on local traders and middlemen, enabling them to connect directly with buyers across the country. This has led to a reduction in post-harvest losses and increased incomes for farmers.
- For traders and buyers, eNAM has provided a more efficient system for buying agricultural produce. They can now search for the produce they need and place bids online, saving time and money.
- The platform also provides them with real-time information on prices and arrivals, enabling them to make informed decisions about their purchases.
- eNAM has also helped to standardize the quality of agricultural produce sold on the platform. The provision of facilities such as assaying and grading has ensured that buyers receive high-quality produce, which has increased the demand for agricultural produce sold on the platform.
Challenges faced by eNAM
- While eNAM has brought several benefits to the agricultural industry in India, it has also faced several challenges.
- One of the major challenges has been the lack of awareness among farmers about the platform. Many farmers in rural areas are not tech-savvy and do not have access to smartphones or computers, which has made it difficult for them to use the platform.
- Another challenge has been the lack of infrastructure at the local mandis. Many mandis lack the necessary infrastructure, such as internet connectivity and storage facilities, which has made it difficult for them to connect to the eNAM platform.
Q.1. What is the National Agriculture Market (NAM) ?
NAM is a “virtual” market but it has a physical market (mandi) at the back end.
Q.2. What is the difference between NAM and the existing mandi system?
It seeks to leverage the physical infrastructure of the mandis through an online trading portal, enabling buyers situated even outside the State to participate in trading at the local level.NAM is not a parallel marketing structure but rather a device to create a national network of physical mandis which can be accessed online.
Q.3. How soon will NAM be functional?
14-4-2016 in 21 Mandis across 8 States Pilot trading of 24 Commodities namely
- Potato Onion
- Green Peas
- Mahua Flower
- Arhar whole (Red Gram)
- Moong Whole (green gram)
- Masoor whole (lentil)
- Urad whole (black gram)
- Chana whole
- Bajra, Barley
- Castor Seed
- Mustard Seed
- Soya bean
- Ground nut
- Red Chillies
- and Turmeric
Q4. What are the likely benefits of NAM?
NAM is envisaged as a win-win solution for all stakeholders. For the farmers, NAM promises more options for sale at his nearest mandi.
- For the local trader in the mandi:-
- NAM offers the opportunity to access a larger national market for secondary trading. Bulk buyers, processors, exporters etc.
- benefit from being able to participate directly in trading at the local mandi level through the NAM platform, thereby reducing their intermediation costs.
- The gradual integration of all the major mandis in the States into NAM will ensure common procedures for issue of licenses, levy of fee and movement of produce. In the near future we can expect significant benefits through higher returns to farmers, lower transaction costs to buyers and stable prices and availability to consumers.
- The NAM will also facilitate the emergence of integrated value chains in major agricultural commodities across the country and help to promote scientific storage and movement of agri commodities.
Q.5. How will NAM operate?
- Through the Ministry of Agriculture & Farmers’ Welfare .The NAM electronic trading platform has been created with an investment by the Government of India.
- software developed for NAM is available to each mandi which agrees to join the national network free of cost with necessary customization to conform to the regulations of each State Mandi Act.