What is/are the advantage/advantages of implementing the ‘National Agriculture Market’ scheme?

1. It is a pan-India electronic trading portal for agricultural commodities.
2. It provides the farmers access to nationwide market, with prices commensurate with the quality of their produce.

Select the correct answer using the code given below:

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

Explanation

Both statements are correct

• National Agriculture Market (eNAM), a pan-India electronic trading portal, networks the existing Agriculture Produce Market Committee (APMC) mandis to create a unified national market for agricultural commodities. The initiative was launched in April, 2016.
• 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.

Answer: (c) Both 1 and 2; Difficulty Level: Easy