PM Narendra Modi will launch a National Agriculture Market (NAM) portal on Thursday, in a bid to enable 21 mandis across 8 states attempt e-trading on a pilot basis, that will integrate 585 wholesale markets across India. This scheme naturally benefits farmers but it also benefits other stakeholders and the consumers,
Modi said, while launching the National Agriculture Market, an e-market platform. The easy access to sell online trade is likely to boost their incomes and improve availability and moderating price rise.
At present, farmers are restricted to selling produce at Mandis that charge various taxes. The online agriculture market is expected to give choice to farmers to sell their produce both in physical Mandis or online platform.
In July last year, the Cabinet had approved setting up of an online national agriculture market with a budget of Rs 200 crore.
8 States – Gujarat, Telangana, Jharkhand, Madhya Pradesh, Rajasthan, Uttar Pradesh, Haryana, and Himachal Pradesh, have agreed to knock down their trade barricades to form the first leg of what will be a common national electronic agricultural market. The new initiative will link 21 Mandis from these states. As many as 365 mandis from 12 states have been granted approval for the next phase.
KEY HIGHLIGHTS OF MODI’S ADDRESS:
1)- Agriculture sector has to be seen holistically and that’s when maximum benefit for the farmer can be ensured.
2)- This is a turning point for the agriculture world. We are looking at opportunities we previously didn’t.
3)- This initiative will usher in transparency which will greatly benefit the farmer.
4)- Unfortunately, we don’t have real time data on agriculture production. These structures need to be changed.
5)- This scheme naturally benefits farmers but it also benefits other stakeholders and the consumers.
Image Source: www.ruralmarketing.in