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The market facilitate farmers, traders, buyers etc. Over 90 e-trading of agricultural commodities including staple food grains, vegetables and fruits are currently listed in its list of commodities available for trade. It was launched by Ministry of Agriculture, Government of India. A similar project was initiated by the Congress government in the State of Karnatakaduring UPA tenure and had been a great success. NDA government has rolled it out nationally. The eNAM online marketplace is linked with markets APMCs in 16 states and 2 union territory, with over 45 lakh farmer membership in 15 states.

The government plans to connect over 22, GrAMslocal farmers markets, e-trading of agricultural commodities the platform. A multilingual, eNAM mobile application is available on Android for farmers and traders to bid and complete a transact on the app. The agents are mostly using the eNAM mobile App e-trading of agricultural commodities trading on behalf of farmers.

The MIS dashboard was introduced e-trading of agricultural commodities Februaryto give a greater insight into the performance of each market mandi in terms of arrival and trade. The government has allocated Rs. Each market is given 30 lakhs by the department. Buyers like large retailers, processors or exporters will be able to source commodities from any mandi in India thereby reducing the inter-mediation cost.

Their physical presence and dependence on intermediaries will not be needed. NAM will increase the number of traders and the competition among them increases. This translates into stable prices and availability to the consumers. There will be reduction in book keeping and reporting system as it will be generated automatically.

Monitoring and regulation of traders and commission agents becomes easy. Market allocation fee will increase due to accounting of all transactions taking place in the market.

For instance, the system declares the winner of lots within few seconds. It eliminates information asymmetry as all the activities of e-trading of agricultural commodities APMC can be known directly from the website. NAM aims to improve the marketing aspect of the agriculture sector. With one license for the entire state and single point levy, an entire state becomes a market and the market fragmentation within the same state gets abolished.

It will improve the supply chain of commodities and reduces wastages. From Wikipedia, the free encyclopedia. This article needs editing for compliance with Wikipedia's Manual of Style.

Please help improve it if you can. June Learn how and when to remove this template message. Retrieved from " https: Agricultural marketing in India Modi administration initiatives Electronic trading platforms in Indian economy Indian e-trading of agricultural commodities stubs Indian economics and finance stubs.

Views Read Edit View history. This page was last edited on 6 Aprilat By using this site, you agree to the Terms of Use and Privacy Policy. This article about Indian agriculture is a stub. You can help Wikipedia by expanding it.

This article related or pertaining to the economy of India is a stub.

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National Agriculture Market or e-NAM is a pan-India, unified national electronic agriculture market for agricultural commodities. It was launched by Ministry of Agriculture, Government of India , to facilitate farmers, traders, buyers, exporters and processors with a common platform for trading commodities.

Over 90 commodities including staple food grains, vegetables and fruits are currently listed in its list of commodities available for trade. The government is also planning to connect over 22, GrAMs , local farmers markets, to the platform. A multilingual, eNAM mobile application was made available for traders to bid and complete a transact app. The government has allocated Rs. Each market is given 30 lakhs by the department. Buyers like large retailers, processors or exporters will be able to source commodities from any mandi in India thereby reducing the inter-mediation cost.

Their physical presence and dependence on intermediaries will not be needed. NAM will increase the number of traders and the competition among them increases. This translates into stable prices and availability to the consumers.

There will be reduction in book keeping and reporting system as it will be generated automatically. Monitoring and regulation of traders and commission agents becomes easy. Market allocation fee will increase due to accounting of all transactions taking place in the market. For instance, the system declares the winner of lots within few seconds. It eliminates information asymmetry as all the activities of an APMC can be known directly from the website.

NAM aims to improve the marketing aspect of the agriculture sector. With one license for the entire state and single point levy, an entire state becomes a market and the market fragmentation within the same state gets abolished. It will improve the supply chain of commodities and reduces wastages. From Wikipedia, the free encyclopedia. This article needs editing for compliance with Wikipedia's Manual of Style. Please help improve it if you can. June Learn how and when to remove this template message.

Retrieved from " https: Agricultural marketing in India Modi administration initiatives Electronic trading platforms in Indian economy Indian agriculture stubs Indian economics and finance stubs.

Views Read Edit View history. This page was last edited on 17 March , at By using this site, you agree to the Terms of Use and Privacy Policy. This article about Indian agriculture is a stub. You can help Wikipedia by expanding it. This article related or pertaining to the economy of India is a stub.