Wednesday, May 16, 2018

eNAM

eNAM is pan-India electronic trading portal for farm produce which aims creates unified national market for agricultural commodities by integrating existing Agriculture Produce Market Committee (APMC) markets. It provides single window service for all APMC related services and information, such as commodity arrivals and prices, provision for responding to trade offers, buy and sell trade offers, among other services. It was launched in April 2016. It is being implemented in different phases to integrate 585 regulated markets across country with common e-market platform by March 2018. Small Farmers’ Agribusiness Consortium (SFAC) is the lead promoter of eNAM. On this platform, farmers can showcase their produce online from their nearest market and traders can quote price from anywhere. It aims to foster greater competition among traders and also ensure open price discovery and better returns to farmers.