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. The scheme envisages the implementation of the NAM by setting up of an appropriate common e-market platform that would be deployable in selected 585 regulated wholesale markets in States / UTs desirous of joining the e-platform. The Small Farmers’ Agri-Business Consortium (SFAC) is the lead agency to develop, operate and maintain the NAM platform under the aegis of the Ministry of Agriculture and Farmers’ Welfare, Government of India. The states which are willing to join the e-platform auction system shall enact provision for e-trading in their APMC Act.
Advantages in trading on NAM:
Liberal Licensing of traders/ buyers and commission agents by State authorities without any pre-condition of physical presence or possession of shop/premises in the market yard. A single trade license allows the trader to participate in all the markets in the State.
Single point levy of market fees i.e. on the first wholesale purchase from the farmer.
The system provides uniformity in agriculture marketing by streamlining of procedures across the integrated markets with enhanced accessibility to the markets and error-free Reporting of Transactions.
It removes information asymmetry between buyers and sellers and promotes real time price discovery to the traders based on actual demand and supply.
The platform provides a transparent online auction process based on the harmonization of quality standards of agricultural produce and provisions of assaying (quality testing) infrastructure in every market which supports informed bidding by the buyers.
The producers are benefitted by better price realisations and the buyers are benefitted by reduced transaction cost with guaranteed and timely payments and deliveries.
The clients are benefitted by stable price and availability of commodities with more efficient supply chain, Warehousing, and Logistics.
