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.
The Bima Sugam platform, soon to be launched by IRDAI, is designed to:
Which state has been provided a USD 175 million loan by the Asian Development Bank (ADB)to enhance road connectivity and climate resilience?
Which former IAS officer has been appointed as the new CEO of NITI Aayog?
National Investment and Infrastructure Fund Limited (NIIFL) currently manages three separate funds, which are registered as Alternative Investment Fund ...
In which classification did Mahendra Gurjar set a world record in javelin throw with a distance of 61.17 meters?
Which district in Bihar is set to become the state's second tiger reserve, in addition to the existing Valmiki Tiger Reserve?
What was the rate of microfinance loans overdue by more than 30 days in FY 2024–25, according to Sa-Dhan data?
According to the Ministry of Electronics and IT, what is the cumulative investment in Artificial Intelligence (AI) in India by 2025?
Insurance Regulatory and Development Authority of India (IRDAI) will hold an open house for the insurtech and fintech companies on _____ of every month ...
Who was Leonardo Del Vecchio, who recently died?