PM Narendra Modi launches National Agriculture Market portal eNAM

Posted on:15 Apr 2016 10:22:50
PM Narendra Modi launches National Agriculture Market portal eNAM
15 April 2016 Current Affairs:

Prime Minister Narendra Modi launched National Agriculture Market portal eNAM to connect e-mandis in several States. eNAM is an online inter-connectivity of e-mandis, aimed at ushering in much needed agriculture marketing reforms to enable farmers to get better price of their produce.

Features of eNAM : e-National Agriculture Market (NAM) is a pan-India e-trading platform. It is designed to create a unified national market for agricultural commodities. Farmers can showcase their produce online from their nearest market and traders can quote price from anywhere. It will result in increased numbers of traders and greater competition. It will also ensure open price discovery and better returns to farmers. During the launch, 21 mandis from eight states were connected to this unified portal. The States include Gujarat, Rajasthan, Jharkahnd, Madhya Pradesh and Uttar Pradesh. Initially, online trade will be allowed within the state and inter-state trade will be possible once all states and mandis are integrated. 25 commodities including onion, potato, apple, wheat, pulses, coarse grains and cotton, have been identified for online trading. To integrate a wholesale mandis across the country with the online platform, the state governments have to amend their Agriculture Produce Market Committee (APMC) Act. eNAM will be implemented in different phases with an aim to integrate 585 regulated markets across the country with the common e-market platform by March 2018. So far 365 mandis from 12 states have been granted approval.


Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs September 2017

23 SEPTEMBER
NEWS
22 SEPTEMBER
NEWS
21 SEPTEMBER
NEWS
20 SEPTEMBER
NEWS

Current Affairs August 2017

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS

Current Affairs July 2017

31 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS
27 JULY
NEWS