- Stock Market Live News Today: Nifty, Sensex gain over 2% each; bank, metal stocks shine
- RBI Monetary Policy Review: Top 20 statements from Governor Shaktikanta Das' MPC address
- 5G rollout: Xiaomi India shares big update on data packs, plans, bundled offers | Interview
- RBI Monetary Policy: Offline Payment Aggregators come under regulatory purview; on parity now with online peers
- Twitter shares update to make video experience better - Step-by-step guide
470 agri markets in 14 states, UTs linked with e-NAM portal
As per approved scheme, 585 markets across the country are to be integrated by March 2018
As many as 470 agri markets in 14 states/UTs have been linked with the National Agriculture Market (e-NAM) portal and have recorded trade of 144.3 lakh tonnes of farm commodities worth Rs 35,816 crore so far.
In a written reply to the Rajya Sabha, Agriculture Minister Radha Mohan Singh said the government is implementing the National Agriculture Market Scheme, known as e-NAM, from April 14, 2016 in order to provide remunerative prices to farmers.
The scheme aims to create a web-based unified agri marketing portal for inter market and inter state trading of farm produce, he said, adding that this programme would help in better realisation to farmers through transparent bidding process and online discovery of prices.
"As per approved scheme, 585 markets across the country are to be integrated by March 2018. At present, 470 markets across 14 States/UTs have been integrated with e-NAM portal," Singh said.
As on December 18, 2017, the minister said "a total of 144.30 lakh tonnes of various agricultural commodities worth Rs 35,816.66 crore have been traded on the e-NAM portal".
So far 67,75,650 farmers/sellers have been registered.
"It is seen that the nature of auction is improving and this has definitely benefited the farmers," Singh said.
He said the e-NAM is an innovative scheme to revolutionise agri-mandies by ensuring better price recovery, bringing in transparency and competition to enable farmers to get improved remuneration for their produce moving towards 'One Nation One Market'.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.