Electronic National Agriculture Market (eNAM) is an Indian electronic trading project launched by the Ministry of Agriculture and Farmers’ welfare, Indian government, to expedite the farmers, traders, exporters and buyers with a common platform for trading vendibles. It has to be implemented on 585 wholesale markets by March 2018 across India and 250 Agriculture Produce Marketing Communities (AMPC) are linked with it.
The programme is initially managed by Small Farmers’ Agribusiness Consortium (SFAC) and other collaborators. Traders and exporters are supposed to register their names to access its services. About 69 merchandises including staple food grains, vegetables, fruits are in the list, available for trading.
1] A national e-market platform for transparent sale transactions and price discovery initially in regulated markets. Willing States to accordingly enact suitable provisions in their APMC Act for promotion of e-trading by their State Agricultural Marketing Board/APMC.
2] A national e-market platform for easy and transparent sale transactions.
3] Liberal Licensing of traders/buyers and other agents by the state authorities.
4] Physical presence of the person shouldn’t bother the trading.
5] Only one licence is valid for a trader across all markets in the state.
6] The goods are purchased first hand from the farmers imposing no extort of market prices.
1] Farmers can put the goods on sale oline from the nearest markets and traders can ask for their desirable price. This results in an increment of trading.
2] No building funds has to be spent. Therfore it is cheap and convenient.
3] It gives access to larger national markets for secondary trading for traders.
4] eNAM will increase the number of traders and the competition among them increases. This translates into stable prices and availability to the consumers.
5] Farmers can sell and produce without the interference of any brokers or middlemen thereby making competitive returns out of their investment.
6] There will be reduction in book keeping and reporting system as it will be generated automatically. Monitoring and regulation of traders and commission agents becomes easy. It will reduce the manpower requirements as the tendering/auctioning process is carried out electronically.
The Cabinet Committee on Economic Affairs had approved a Central Sector Scheme for Promotion of eNAM through Agri-Tech Infrastructure Fund (ATIF) and the government has allocated Rs. 200 crore to the newly created ATIF. With this fund SFAC will implement NAM for three years from 2015-16 to 2017-18. DAC&FW is also giving a grant as one time fixed cost up to Rs.30 lakhs per Mandi for installation of the e-market platform. Around 6500 APMCs operate throughout the country of which 585 district level mandis in states desirous of joining are planned to be linked by eNAM. 400 mandis are planned to be integrated by March 2017 and the remaining by March 2018.