With the addition of 10 new commodities (Chickpea Flour, Dried Tulsi Leaves, Dragon Fruit, etc) the number of commodities on e-NAM platform reaches 231.
- This decision would also help Farmer Producer Organisations (FPOs) market value-added products (e.g., Asafoetida, Roasted Chickpea Flour, etc).
About e-NAM
- e-NAM is a pan-India electronic trading portal which networks the existing APMC Mandis creating a unified national market for agricultural commodities.
- Launched: 2016.
- Implementing Agency: Small Farmers Agribusiness Consortium, under Ministry of Agriculture and Farmers' Welfare
- It is not a parallel marketing platform but leverages the physical infrastructure of existing APMCs.
- Agricultural Produce Market Committees (APMCs): Governed by the State APMC Acts, enacted under the Agricultural Produce Market Regulation Act, 1963, which varies across states
- States to make 3 reforms in their APMC Act to integrate their mandis with e-NAM: Single trading license (Unified); Single point levy of market fee; e-auction/ e-trading as a mode of price discovery.
Advantages of e-NAM
- Improves market access: By removing information asymmetry between buyers and sellers.
- Real time price discovery: Based on actual demand and supply.
- Transparency: Auction process based on quality of produce with timely online payment.
