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.