Question
Consider the following about the electronic National
Agriculture Market (e-NAM). I. Recently government announced integration of all fintech services with its e-NAM. II. e-NAM provides end-to-end services to farmers along with a platform for price discovery. III. eNAM is an online trading platform for electronic commodities in India. Which of the above statement is/are not correct?Solution
The government announced integration of trading, transportation, logistics, warehousing, assaying, packaging, weather forecast and fintech services provided by 41 private entities with its electronic National Agriculture Market (e-NAM). This move would make more farmers use the online platform to sell their produce to buyers of their choice. More than 17.6 million registered farmers, farmer producer organisations (FPOs), traders, commission agents and other stakeholders registered with the eNAM platform can avail these services provided by these private enterprises. The aim behind this integration of platforms by private players under e-NAM is to make available end-to-end services to farmers along with providing a platform for price discovery. 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 the total outlay approved by the Union Cabinet for the Incentive Scheme for BHIM-UPI (P2M) transactions for FY 2024–25?
Which fintech company introduced RuPay credit card-based Unified Payments Interface (UPI) payments for its members, in collaboration with the National...
What is the reason behind Indian weightlifter Sanjita Chanu's four-year ban imposed by NADA's Disciplinary Panel?
With reference to the IMF, consider the following statements:
       I.           The IMF is an international organization th...
Palkhi Festival, which lasts for 22 days, starts in the month of Jyestha (June). Every year on the eleventh day of the first half of the month of Ashadh...
Which Indian hockey player has become the first woman to have a stadium named after her?
Inbound travelers from _____ countries arriving at Mumbai, Delhi, and Bengaluru international airports would be able to use Unified Payments Interface (...
What is the venue for the 78th Cannes Film Festival’s screening of "Aranyer Din Ratri" by Satyajit Ray?Â
- DPS Flamingo Lake, recently declared a conservation reserve, is located in which Indian city?
Which organization released the report titled 'LNG as a Transportation Fuel in Medium and Heavy Commercial Vehicle'?