What is/are the advantage/advantages of implementing the ‘National Agriculture Market’ scheme?
- It is a pan-India electronic trading portal for agricultural commodities.
- 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 only
- 2 only
- Both 1 and 2
- 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.
