Question
What digital platform did the government launch to
empower farmers with access to pledge finance against harvested commodities, and how does it work?Solution
• The government launched an online digital platform named "e-Upaja Kisaan Nidhi" to empower farmers with access to pledge finance against harvested commodities. • This initiative enables farmers to store their agricultural produce with the Warehousing Development and Regulatory Authority (WDRA) and secure post-harvest loans from banks. • The announcement was made by Consumer Affairs, Food and Public Distribution Minister Piyush Goyal during the launch ceremony of "e-Kisan Upaj Nidhi" (Digital Gateway) of the WDRA in New Delhi. • The digital gateway is developed collaboratively by the Department of Food and Public Distribution, the Department of Financial Services, and Nabard to store their produce at any WDRA-registered warehouse for six months, with an interest rate of seven per cent per annum.
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