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Questions and Answers
What was the total traded value of commodities on the e-NAM platform using the farmgate model for the period April – January 2023-24?
Which organization is primarily responsible for implementing the e-NAM platform?
What was one of the primary objectives of launching the e-NAM platform?
How does the e-NAM platform enhance trading for users?
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When was the e-NAM platform officially launched?
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What feature does the e-NAM platform provide to improve user interaction?
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Study Notes
e-NAM Overview
- e-NAM (National Agriculture Market) is an online trading platform for agricultural commodities in India.
- Launched in 2016, it connects Agricultural Produce Market Committees (APMCs) nationwide.
- Aims to create "One Nation One Market" for seamless trading of agricultural goods.
Recent Sales Surge
- In FY2024, the farm-gate model on e-NAM recorded a total traded value of Rs 79 crore from April to January.
- This marks a significant increase compared to the minimal trade value during the previous fiscal year.
Features and Benefits
- Facilitates online trading, enabling farmers, traders, and buyers to engage without physical presence in mandis or banks.
- Supports contactless remote bidding and offers mobile-based payment options, enhancing convenience.
Implementation and Management
- The Small Farmers Agribusiness Consortium (SFAC) is the lead agency managing e-NAM operations.
- e-NAM falls under the Ministry of Agriculture and Farmers’ Welfare, ensuring government oversight and support.
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Description
Explore the recent surge in farm-gate and inter-mandi e-NAM sales in FY2024. This quiz delves into the total traded value of agricultural commodities on the e-NAM platform and its impact on India's agricultural market since its launch in 2016.
