What is the role of e Nam in agricultural marketing?

What is the role of e Nam in agricultural marketing?

National Agriculture Market or eNAM is an online trading platform for agricultural commodities in India. The market facilitates farmers, traders and buyers with online trading in commodities. The market helps in better price discovery and providing facilities for smooth marketing of produce.

What is National Agriculture Market Scheme?

National Agriculture Market (NAM) is envisaged as a pan-India electronic trading portal which seeks to network the existing APMC and other market yards to create a unified national market for agricultural commodities. …

What kind of market is the agricultural market?

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Economists often use agricultural markets as an example of perfect competition. The same crops that different farmers grow are largely interchangeable.

What do you mean by agriculture market?

❖ Agricultural marketing comprising of all activities involved in supply of farm inputs to the farmers and movement of agricultural products from the farms to the consumers.

What are the benefits of e-Nam?

The benefits of trading on e-Nam are listed below:

  • Transparent Online Trading.
  • Real-Time Price Discovery.
  • Better Price Realization For Producers.
  • Reduced Transaction Cost For Buyers.
  • Stable Price and Availability to Consumers.
  • Quality Certification, Warehousing, and Logistics.
  • More Efficient Supply Chain.

In what way does agmark help the farmers?

AGMARK, or Agriculture Mark, is the certification mark to assure the quality of agricultural products in India. AGMARK acts as a third party guarantee for the agricultural products that are produced and consumed in India.

What are the benefits of e Nam?

What is the advantage of implementing the national agriculture market scheme?

It is a pan-India electronic trading portal for agricultural commodities. 2. It provides the farmers access to nationwide market, with prices commensurate with the quality of their produce.

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Why is agricultural marketing important?

Agricultural marketing plays an important role not only in stimulating production and consumption, but in accelerating the pace of economic development. Agriculture supplies raw materials to various industries and therefore, marketing of such commercial crops like cotton, sugarcane, oilseeds etc.

What is the importance of agricultural marketing in agriculture?

They have the means to raise money and sell shares of a harvest, and to market produce directly to people around the country (or world). This kind of technology has the power to not just improve the livelihoods of farmers and small business owners but to fortify entire food supply chains.

What is e Nam and what are the objectives of e Nam?

Objectives of eNAM The objective of eNAM is to create a national e-market platform for transparent sale transactions and price discovery initially in regulated markets. The willing states accordingly enact suitable provisions in their APMC Act for promotion of e-trading by their State Agricultural Marketing Board/APMC.

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What is Enam (enational agriculture market)?

National Agriculture Market (eNAM) is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.

Who is responsible for the development of agricultural markets?

“Agriculture”, “markets and fairs” and “trade and commerce within the state” are all state subjects in the Constitution (Entry 14, 26, 28, List II, Seventh Schedule). Agricultural markets have therefore been the responsibility of the states.

What is the meaning of Agricultural Marketing?

The term agricultural marketing is composed of two words-agriculture and marketing. Agriculture, in the broadest sense, means activities aimed at the use of natural resources for human welfare, i.e., it includes all the primary activities of production.

Did the government’s agricultural bills reveal its larger vision for India?

Nor did the government use the parliamentary discussion as an opportunity to reveal and clarify its larger vision for Indian agriculture that these bills foregrounded. On 27 September, the bills received presidential assent and were notified in the gazette.