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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.
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