Implementation of e-NAM

About

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.
It provides the farmers access to nationwide market, with prices commensurate with the quality of their produce.

APMC Mandis are government-regulated markets established to ensure fair trade of agricultural produce between farmers and buyers.
The APMCs regulate the sale of agricultural products through these mandis (or designated market yards), where farmers bring their produce to sell to licensed buyers.

Launched in 2016, e-NAM is completely funded by the Central Government and is implemented by Small Farmers Agribusiness Consortium (SFAC), under the aegis of Ministry of Agriculture and Farmers’ Welfare.
e-NAM portal enables farmers to trade their produce through their nearby e-NAM mandis and facilitate traders to bid online from any location.
The e-NAM portal provides single window services for all APMC related information and services such as commodity arrivals, quality & prices and buy & sell offers, etc.

Why in News?

As on 31.10.2024, 1389 mandis of 23 States and 04 Union Territories (UTs) have been integrated with e-NAM platform.
The agricultural produce trades with a value of Rs.3.79 lakh crore have been recorded on e-NAM platform.

Today Current Affairs Upsc Exam Syllabus & Previous Yearpaper.