Finance Minister Nirmala Sitharaman on November 12 said that states have been asked to dismiss the Agricultural Produce Market Committee (APMC) and embrace electronic National Agriculture Market (eNAM) with the goal that farmers get an improved cost for their produce.
The e-NAM has been pushed especially by the Union Government, and numerous states have concurred, likewise to take it up at their level, she said at an event organized by National Bank for Agriculture and Rural Development (NABARD).
“Together with this we are also making sure that the states are cajoled to reject the APMC. It has served its purpose at one time there’s no doubt. But today there are very many difficulties associated with the agricultural produce market committee, which at every state level has become not so efficient in helping the farmers find better price points for their produce,” she stated.
“We are talking with states to sort of dismantle that and move towards e National Marketing for farmers,” she also added.
Electronic National Agriculture Market (eNAM) is a pan India electronic trading market which arranges the current APMC mandis to make a unified national market for agricultural items.
So far 21 e-NAM mandis of eight States to be specific Uttar Pradesh, Uttarakhand, Andhra Pradesh, Telangana, Rajasthan, Gujarat, Maharashtra and Madhya Pradesh had come together to begin entomb – State transactions on e-NAM.
136 Inter State transactions and 14 wares which incorporate vegetables, beats, oats, oilseeds, flavors and so forth have been traded under Inter State transactions through e-NAM in a limited ability to focus time.
Initially began with 25 items, e-trade facilities have been given on 124 products tradable parameters on e-NAM gateway. Through inter state transactions, farmers show signs of improvement, more purchasers/brokers and acknowledge better costs for their produce.
The Finance Minister likewise said that she had in the Budget announced series of 10,000 Farmer Producer Organizations (FPOs) to that farmers have simple access to institutional finance.