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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...
The correct answer is option 'C' - Both 1 and 2.
Explanation:
1. It is a pan-India electronic trading portal to create a unified national market for agricultural commodities.
The first statement is correct. The National Agriculture Market (e-NAM) is indeed a pan-India electronic trading portal that aims to create a unified national market for agricultural commodities. It was launched by the Government of India in April 2016. The main objective of e-NAM is to provide a platform for farmers, traders, and buyers to come together and trade agricultural produce online. This platform allows farmers to sell their produce directly to buyers without the involvement of intermediaries, thereby reducing the cost of transactions and ensuring better prices for farmers.
2. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.
The second statement is also correct. The Small Farmers Agribusiness Consortium (SFAC) is indeed the lead agency for implementing e-NAM. SFAC is a society established by the Department of Agriculture, Cooperation & Farmers Welfare, Ministry of Agriculture & Farmers Welfare, Government of India. SFAC is responsible for the overall coordination, management, and implementation of the e-NAM platform. It works closely with various state governments, market committees, and other stakeholders to ensure the successful implementation of e-NAM across the country.
In conclusion, both statements are correct. The National Agriculture Market (e-NAM) is a pan-India electronic trading portal aimed at creating a unified national market for agricultural commodities, and the Small Farmers Agribusiness Consortium (SFAC) is the lead agency responsible for implementing e-NAM.
Explanation:
1. It is a pan-India electronic trading portal to create a unified national market for agricultural commodities.
The first statement is correct. The National Agriculture Market (e-NAM) is indeed a pan-India electronic trading portal that aims to create a unified national market for agricultural commodities. It was launched by the Government of India in April 2016. The main objective of e-NAM is to provide a platform for farmers, traders, and buyers to come together and trade agricultural produce online. This platform allows farmers to sell their produce directly to buyers without the involvement of intermediaries, thereby reducing the cost of transactions and ensuring better prices for farmers.
2. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.
The second statement is also correct. The Small Farmers Agribusiness Consortium (SFAC) is indeed the lead agency for implementing e-NAM. SFAC is a society established by the Department of Agriculture, Cooperation & Farmers Welfare, Ministry of Agriculture & Farmers Welfare, Government of India. SFAC is responsible for the overall coordination, management, and implementation of the e-NAM platform. It works closely with various state governments, market committees, and other stakeholders to ensure the successful implementation of e-NAM across the country.
In conclusion, both statements are correct. The National Agriculture Market (e-NAM) is a pan-India electronic trading portal aimed at creating a unified national market for agricultural commodities, and the Small Farmers Agribusiness Consortium (SFAC) is the lead agency responsible for implementing e-NAM.
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Community 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 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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