New Features Added to e-NAM

Recently, the Ministry of Agriculture and Farmers’ Welfare has launched three new features of the National Agriculture Market (e-NAM) Platform to strengthen agriculture marketing by farmers which will reduce their need to physically come to wholesale mandis for selling their harvested produce, at a time when there is critical need to decongest mandis to effectively fight against COVID-19.

The following three modules have been launched for enhancing the effectiveness of e-NAM.

1. Launch of “Negotiable Warehouse Receipt (e-NWRs) module in National Agriculture Market (e-NAM) software

• Warehouse (Registered with WDRA) trading module with payment feature is launched today to enable small & marginal farmers to directly trade their stored produce from selected WDRA registered warehouses which are declared deemed market by the State.
• Farmers will be able to place their produce in WDRA accredited warehouses.
• Already States of Telangana (14 warehouses) & Andhra Pradesh (23 warehouses) declared designated warehouses in the State as deemed market.

Benefits of eNWRs integration with e-NAM

• Depositor can save Logistics expenses and will have better income.
• Farmers can sell the products across the Nation to get better Price and at the same time can save himself from the hassle of mandi.
• Farmers will be able to place their produce in WDRA accredited warehouses to avail of the benefit of pledge loans if required.
• Price stabilization by matching supply and demand through time and place utility.

2. FPO trading module

• FPO trading module is launched today to enable FPOs to upload their produce from their premises/collection centers for bidding.
• They can upload the picture of the product and quality parameters from their premises to help distant bidders to visualise the product before bidding.
• FPOs have the option for delivery of products either from their premises or by bringing to mandi premise after successful bidding.
• This will not only decongest the mandis but also reduce the logistics cost for the FPOs.
• The facility provided to FPO to upload assaying report / photo of their produce from their premise to enable traders to visualize the produce before bidding.

Benefits

• This will not only decongest the mandis but also reduce the hassle of FPOs to deal with mandis.
• This will help FPOs by reducing transaction costs (Transportation) and enhancing their bargaining power.
• Facilitates FPOs to avail online payment facility with ease of doing business.

3. Launch of Logistic Module

• Presently, e-NAM provides a database of individual transporters to the traders. However, as a quantum response to logistic need by traders, provision has been made for linking large logistic aggregator platforms, which will provide choices to users.
• Traders would be able to use the link to navigate to the logistics provider’s website and select appropriate services. With these additions, more than 3,75,000 number of trucks from large logistic providers would be added for the logistic purposes.

Benefits

• This will help in the seamless transportation of Agri produce.
• This will promote inter-State trade under e-NAM by providing online transport facilities for distant buyers.

About e-Nam

National Agriculture Market (eNAM) is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing eNAM under the aegis of the Ministry of Agriculture and Farmers’ Welfare, Government of India.

VISION
To promote uniformity in agriculture marketing by streamlining of procedures across the integrated markets, removing information asymmetry between buyers and sellers and promoting real-time price discovery based on actual demand and supply.

MISSION
Integration of APMCs across the country through a common online market platform to facilitate pan-India trade in agriculture commodities, providing better price discovery through a transparent auction process based on the quality of products along with timely online payment.

Source-pib