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Consider the following statements regarding National Agriculture Market (e-NAM):
- It is a pan-India electronic trading portal to create a unified national market for agricultural commodities.
- Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.
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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Most Upvoted Answer
Consider the following statements regarding National Agriculture Marke...
Prime Minister recently said that with the help of the National Agriculture Market (e-NAM) portal, the farmers will be able to decide the place, time and price of selling their products, and reduce the burden on the consumers.
About National Agriculture Market (e-NAM):
- It is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.
- It was launched on 14th April 2016, and is completely funded by the Government of India.
- 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 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 produce along with timely online payment.
- Features:
- A National e-market platform for transparent sale transactions and price discovery in regulated markets, kisan mandis, warehouses and private markets.
- Liberal Licensing of traders/buyers and commission agents by State authorities without any pre-condition of physical presence or possession of shop/premises in the market yard.
- One license for a trader is valid across all markets in the State.
- Harmonization of quality standards of agricultural produce and provisions of assaying (quality testing) infrastructure in every market to enable informed bidding by buyers.
- Restriction of agriculture Produce Marketing Committee’s (APMC) jurisdiction to within the APMC market yard/sub yard instead of a geographical area (the market area) at present.
- Single point levy of market fees, i.e. on the first wholesale purchase from the farmer.
Hence both statements are correct.
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Consider the following statements regarding National Agriculture Marke...
Explanation:
The correct answer is option 'C' - Both 1 and 2. Let's understand the statements and their correctness in detail:
Statement 1: It is a pan-India electronic trading portal to create a unified national market for agricultural commodities.
This statement is correct. The National Agriculture Market (e-NAM) is indeed a pan-India electronic trading portal launched by the Government of India in 2016. It aims to create a unified national market for agricultural commodities by integrating the existing Agriculture Produce Market Committee (APMC) mandis across the country. The e-NAM platform provides a common online platform for buyers and sellers to trade in agricultural commodities, eliminating geographical barriers and ensuring transparency and competitive prices.
Statement 2: Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.
This statement is also correct. The Small Farmers Agribusiness Consortium (SFAC) is the lead agency responsible for implementing the e-NAM initiative. SFAC is an autonomous society under the Department of Agriculture, Cooperation & Farmers Welfare, Ministry of Agriculture & Farmers Welfare, Government of India. SFAC plays a crucial role in the implementation, monitoring, and coordination of e-NAM across the country. It works closely with the State Agricultural Marketing Boards, State Agricultural Marketing Federations, and other stakeholders to ensure the smooth functioning of the e-NAM platform.
Therefore, both statements 1 and 2 are correct. The National Agriculture Market (e-NAM) is a pan-India electronic trading portal, and the Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.
The correct answer is option 'C' - Both 1 and 2. Let's understand the statements and their correctness in detail:
Statement 1: It is a pan-India electronic trading portal to create a unified national market for agricultural commodities.
This statement is correct. The National Agriculture Market (e-NAM) is indeed a pan-India electronic trading portal launched by the Government of India in 2016. It aims to create a unified national market for agricultural commodities by integrating the existing Agriculture Produce Market Committee (APMC) mandis across the country. The e-NAM platform provides a common online platform for buyers and sellers to trade in agricultural commodities, eliminating geographical barriers and ensuring transparency and competitive prices.
Statement 2: Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.
This statement is also correct. The Small Farmers Agribusiness Consortium (SFAC) is the lead agency responsible for implementing the e-NAM initiative. SFAC is an autonomous society under the Department of Agriculture, Cooperation & Farmers Welfare, Ministry of Agriculture & Farmers Welfare, Government of India. SFAC plays a crucial role in the implementation, monitoring, and coordination of e-NAM across the country. It works closely with the State Agricultural Marketing Boards, State Agricultural Marketing Federations, and other stakeholders to ensure the smooth functioning of the e-NAM platform.
Therefore, both statements 1 and 2 are correct. The National Agriculture Market (e-NAM) is a pan-India electronic trading portal, and the Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.
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Consider the following statements regarding National Agriculture Market (e-NAM): It is a pan-India electronic trading portal to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.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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