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New e-NAM features allow farmers to trade from warehouse, collection centres

Business Finance

Press Trust of India  |  New Delhi 

The government on Thursday launched new features in electronic agriculture market platform (e-NAM), enabling direct trading from warehouses as well as collection centres of farmers producers organisations (FPOs) as part of its effort to decongest wholesale markets amid coronavirus threat.

"Union Agriculture Minister Narendra Singh Tomar launched two new features of National Agriculture Market (e-NAM) Platform to strengthen agriculture marketing by farmers which will reduce their need to physicallycome to wholesale mandis for selling their harvested produce," an official statement said.

The features have been launched at the time when there is a critical need to decongest mandis to effectively fight against COVID-19, it added.

The first one, warehouses-based trading modules in e-NAM software will facilitate trade from warehouses as per thee-NWR (electronic negotiable warehouse receipt).

The other one is FPO trading module in e-NAM where by FPOs can trade their produce from their collection centre without bringing the produce to APMC.

"In addition to facilitate inter-mandi and inter-state trade at this juncture,enhanced version of the logistic module has been released whereby aggregators of transportlogistic platform have on boarded which helps users to avail trackable transport facilitiesfor transporting their produce," the statement said.

Speaking on the occasion, Tomar reiterated that e-NAM was launched on 14 April 2016 as a pan India electronic tradeportal linking APMCs across the states.

Already 585 mandis in 16 States and two Union Territories have been integrated on e-NAM portal.

He also said the e-NAM will be soon expanded to cover an additional 415 mandis, which will take the total number of e-NAMmandis to 1,000.

Tomar highlighted that the e-NAM provides for contactless remote bidding and mobile-based payment system.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, April 02 2020. 19:16 IST