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With reference to e-National Agricultural Market (NAM), consider the following statements:
It is a pan-India electronic trading portal to integrate the existing Agricultural Produce Market Committees (APMCs) mandis.
It is implemented as a Central Sector Scheme through Agri-Tech Infrastructure Fund (ATIF).
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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With reference to e-National Agricultural Market (NAM), consider the ...
E-National Agricultural Market (NAM)
Introduction
e-National Agricultural Market (NAM) is a pan-India electronic trading portal to integrate the existing Agricultural Produce Market Committees (APMCs) mandis.
Statements
1. It is a pan-India electronic trading portal to integrate the existing Agricultural Produce Market Committees (APMCs) mandis.
This statement is correct. NAM is a pan-India electronic trading portal that connects existing APMC mandis to create a unified national market for agricultural commodities.
2. It is implemented as a Central Sector Scheme through Agri-Tech Infrastructure Fund (ATIF).
This statement is also correct. NAM is implemented as a Central Sector Scheme through the Agri-Tech Infrastructure Fund (ATIF), which provides financial support to create the necessary infrastructure for the platform.
Conclusion
Both statements are correct. NAM is an important initiative to create a unified national market for agricultural commodities by integrating existing APMC mandis through an electronic trading portal. It is implemented as a Central Sector Scheme through the Agri-Tech Infrastructure Fund (ATIF).
Introduction
e-National Agricultural Market (NAM) is a pan-India electronic trading portal to integrate the existing Agricultural Produce Market Committees (APMCs) mandis.
Statements
1. It is a pan-India electronic trading portal to integrate the existing Agricultural Produce Market Committees (APMCs) mandis.
This statement is correct. NAM is a pan-India electronic trading portal that connects existing APMC mandis to create a unified national market for agricultural commodities.
2. It is implemented as a Central Sector Scheme through Agri-Tech Infrastructure Fund (ATIF).
This statement is also correct. NAM is implemented as a Central Sector Scheme through the Agri-Tech Infrastructure Fund (ATIF), which provides financial support to create the necessary infrastructure for the platform.
Conclusion
Both statements are correct. NAM is an important initiative to create a unified national market for agricultural commodities by integrating existing APMC mandis through an electronic trading portal. It is implemented as a Central Sector Scheme through the Agri-Tech Infrastructure Fund (ATIF).
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Community Answer
With reference to e-National Agricultural Market (NAM), consider the ...
- The e-National Agriculture Market (NAM) is envisaged as a pan-India electronic trading portal which seeks to network the existing Agricultural Produce Market Committees (APMCs) mandis and other market yards to create a unified national market for agricultural commodities. NAM is a “virtual” market but it has a physical market (mandi) at the back end. Hence, statement 1 is correct.
- NAM will be implemented as a Central Sector Scheme through Agri-Tech Infrastructure Fund (ATIF). Hence, statement 2 is correct.
- The Department of Agriculture & Cooperation (DAC), Ministry of Agriculture will set it up through the Small Farmers Agribusiness Consortium (SFAC).
- The Scheme is applicable on All-India basis. There is no State-wise allocation under the Scheme. However, desirous States would be required to meet the pre-requisites in terms of carrying out necessary agri-marketing reforms. For integration with the e-platform, the States/UTs will need to undertake prior reforms in respect of
- a single license to be valid across the State
- single point levy of market fee and
- provision for electronic auction as a mode for price discovery.
- For the farmers, NAM promises more options for sale. It would increase his access to markets through warehouse based sales and thus obviate the need to transport his produce to the mandi.
- The gradual integration of all the major mandis in the States into NAM will ensure common procedures for issue of licences, levy of fee and movement of produce.
- The farmer may choose to accept either the local offer or the online offer. In either case the transaction will be on the books of the local mandi and they will continue to earn the market fee.
- For the local trader in the mandi/market, NAM offers the opportunity to access a larger national market for secondary trading.
- Bulk buyers, processors, exporters etc. benefit from being able to participate directly in trading at the local mandi/market level through the NAM platform, thereby reducing their intermediation costs.
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With reference to e-National Agricultural Market (NAM), consider the following statements: It is a pan-India electronic trading portal to integrate the existing Agricultural Produce Market Committees (APMCs) mandis. It is implemented as a Central Sector Scheme through Agri-Tech Infrastructure Fund (ATIF). Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to e-National Agricultural Market (NAM), consider the following statements: It is a pan-India electronic trading portal to integrate the existing Agricultural Produce Market Committees (APMCs) mandis. It is implemented as a Central Sector Scheme through Agri-Tech Infrastructure Fund (ATIF). Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to e-National Agricultural Market (NAM), consider the following statements: It is a pan-India electronic trading portal to integrate the existing Agricultural Produce Market Committees (APMCs) mandis. It is implemented as a Central Sector Scheme through Agri-Tech Infrastructure Fund (ATIF). Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to e-National Agricultural Market (NAM), consider the following statements: It is a pan-India electronic trading portal to integrate the existing Agricultural Produce Market Committees (APMCs) mandis. It is implemented as a Central Sector Scheme through Agri-Tech Infrastructure Fund (ATIF). Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
With reference to e-National Agricultural Market (NAM), consider the following statements: It is a pan-India electronic trading portal to integrate the existing Agricultural Produce Market Committees (APMCs) mandis. It is implemented as a Central Sector Scheme through Agri-Tech Infrastructure Fund (ATIF). Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to e-National Agricultural Market (NAM), consider the following statements: It is a pan-India electronic trading portal to integrate the existing Agricultural Produce Market Committees (APMCs) mandis. It is implemented as a Central Sector Scheme through Agri-Tech Infrastructure Fund (ATIF). Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to e-National Agricultural Market (NAM), consider the following statements: It is a pan-India electronic trading portal to integrate the existing Agricultural Produce Market Committees (APMCs) mandis. It is implemented as a Central Sector Scheme through Agri-Tech Infrastructure Fund (ATIF). Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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