e-NAM
is a pan-India electronic trading portal
which networks the existing APMC mandis (physical market) to create a
unified national market for agricultural commodities.
It
is a virtual market but it is connected to a mandis at the back end and
promotes genuine price discovery.
Funding – Funded by Agri-Tech
Infrastructure Fund (ATIF) which is set up through the Small Farmers
Agribusiness Consortium (SFAC).
License – Liberal licensing of traders
and commission agents by state authorities and one license for a trader is
valid across all markets in the state.
Market Fee – Single point levy on the
first wholesale purchase from the farmer.
Implementation – A Central Sector Scheme.
Willing states enact suitable provisions in their APMC act for integration with
the e-platform.
Soil
Testing Laboratories available in the mandis
itself.
SFAC
will be the lead agency for the development of the National e-Market by the
Ministry of Agriculture, and they will select a service provider through open bidding.
