e-NAM, or electronic National Agriculture Market, is a revolutionary digital platform launched in 2016 aimed at facilitating the online trading of agricultural commodities in India. This platform connects numerous agricultural mandis (marketplaces) across the nation, allowing farmers to sell their produce to buyers through digital means.
The trade turnover on the e-NAM platform is expected to surpass Rs. 1 trillion in the current fiscal year, marking a significant increase from the previous year's turnover of Rs. 74,656 crore. This growth illustrates the increasing reliance on digital platforms for agricultural transactions.
From April to July of the current fiscal year, inter-mandi trade on e-NAM has experienced a remarkable 287% increase, reaching Rs. 449 crore. This surge highlights the platform's effectiveness in enhancing trade connectivity among different mandis.
Currently, 1,361 mandis across 27 states and Union Territories in India are integrated with the e-NAM platform. An additional 25 new mandis from states like Maharashtra, Jammu and Kashmir, and Uttarakhand are expected to be integrated soon, raising the total number of mandis to 1,386.
e-NAM has significantly transformed the agricultural trade landscape in India by enhancing transparency, promoting efficiency, and facilitating better price discovery for farmers. The platform enables farmers to connect with buyers from diverse regions, allowing them to sell their produce digitally.
The e-NAM platform currently supports online trading in 209 agricultural and horticultural commodities as specified by the respective state governments. This extensive range of commodities empowers farmers and expands their market reach.
Inter-state trade on e-NAM has seen substantial growth, enabling farmers to sell their produce to buyers in different states. This expansion of market access not only benefits farmers but also facilitates the exchange of agricultural commodities across regional boundaries.
e-NAM has been instrumental in boosting agricultural growth by establishing a digital marketplace that streamlines the trading process, reduces the number of intermediaries, and ensures better returns for farmers. This innovation is essential for the modern agricultural economy.
The overarching goal of e-NAM is to create a unified national market for agricultural commodities. By eliminating barriers and facilitating seamless trade across the country, e-NAM aims to enhance the efficiency and effectiveness of the agricultural sector.
Q1. What is the main objective of e-NAM?
Answer: The primary objective of e-NAM is to create a unified national market for agricultural commodities, allowing for seamless trade and better price discovery for farmers.
Q2. How does e-NAM benefit farmers?
Answer: e-NAM benefits farmers by providing them with greater market access, reducing intermediaries, and enabling them to sell their produce digitally, ensuring better returns.
Q3. What is the significance of inter-mandi trade growth?
Answer: The increase in inter-mandi trade signifies enhanced connectivity among mandis, allowing farmers to access a broader market and improve their income through competitive pricing.
Q4. How many mandis are currently part of e-NAM?
Answer: As of now, there are 1,361 mandis integrated with e-NAM, with plans to increase that number to 1,386 with new integrations.
Q5. What commodities can be traded on e-NAM?
Answer: e-NAM allows online trading of 209 agricultural and horticultural commodities, as notified by the respective state governments, enhancing farmer options.
Question 1: What does e-NAM stand for?
A) Electronic National Agriculture Market
B) Electronic National Agricultural Model
C) Electronic National Agricultural Market
D) Electronic Network for Agricultural Markets
Correct Answer: A
Question 2: How many mandis are integrated into e-NAM currently?
A) 1,200
B) 1,361
C) 1,500
D) 1,000
Correct Answer: B
Question 3: What is the projected trade turnover on e-NAM for the current fiscal year?
A) Rs. 500 crore
B) Rs. 1 trillion
C) Rs. 75,000 crore
D) Rs. 100 crore
Correct Answer: B
Question 4: Which states are integrating new mandis into e-NAM?
A) Gujarat, Rajasthan, and Punjab
B) Maharashtra, Jammu and Kashmir, and Uttarakhand
C) Tamil Nadu, Kerala, and Andhra Pradesh
D) Bihar, Jharkhand, and Odisha
Correct Answer: B
Question 5: How many agricultural commodities can be traded on e-NAM?
A) 150
B) 209
C) 300
D) 180
Correct Answer: B
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