Recently, e-NAM marks the sixth anniversary of the National Agriculture Market (e-NAM), a pan-India electronic trade network.
A total of 1000 mandis from 18 states and three union territories have joined the e-nam platform, with over one crore 72 lakh farmers benefiting.
· · ·National Agriculture Market or eNAM was launched by Ministry of Agriculture and Farmers' Welfare in 2016 as a pan-India online trading platform for agricultural commodities.
The electronic trading portal networks existing mandis and connect farmers, traders, buyers, exporters, and processors under a single platform.
e-NAM is managed by Small Farmers' Agribusiness Consortium (SFAC) under the Department of Agriculture, Cooperation and Farmers' Welfare.
SFAC through open tender, selects a Partner to develop, operate and maintain the eNAM platform.
A provision of Soil Testing Laboratories in or near the selected mandi is also included under the scheme to help visiting farmers to access the facility in the mandi itself.
The willing States have to enact suitable provisions in their APMC Act for promotion of e-trading by their State Agricultural Marketing Board/APMC.
The platform promotes real time price discovery based on actual demand and supply and enforce transparency in auction process.
The scheme also promotes informed bidding by buyers by enabling harmonisation of quality standards of agricultural produces and provisions for quality testing in every market.
The scheme provides for the single point levy of market fees to eradicate the existing multiple transaction costs levied to move the produce from one mandi to another even within the same state.
One license for a trader will be valid across all markets in the state instead of existing requirement of multiple licenses to trade in different markets in the same state.