Madhya Pradesh all set to join the recently-announced National Agriculture Market (NAM) platform, Prime Minister Narendra Modi is likely to launch it from the stat on April 14 to mark B R Ambedkar’s birth anniversary.
- Initially, the state government would include only one commodity chana (gram) for e-auction through the NAM platform.
- The Union government has decided to release Rs 15 crore for all 50 mandis to equip them with online support system, software, hardware, and grading of farm yield.
- Mandi traders who contribute in regular auction of commodities carry localised mandi licence, the trading would take place only in Karond mandi.
- Since single licence fee is Rs 1 crore, it would require a simpler procedure and fewer fees to attract more traders to participate in the e-auction of commodities through the NAM platform.
National Agriculture Market:
- The scheme envisages execution of the National Agriculture Market (NAM) by setting up of an appropriate common e-market platform that would be deployed in 585 synchronized wholesale markets in States/Union Territories (UTs) desirous of joining the e-platform and a budget of Rs.200 crore has been earmarked for the programme.
- Small Farmers Agribusiness Consortium (SFAC) has been selected as the lead agency to implement the national e-platform.
- The NAM platform requires a regulator, a warehousing agency, a grading agency, aggregators and third-party payment system to complete the process of e-auction.
- Farmers Welfare Department will also provide grant as one time fixed cost for related equipment infrastructure subject to the ceiling of Rs.30.00 lakh per Mandi.
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