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Home Manufacturing

New features added to e-NAM for ease of trading

Fiinews by Fiinews
April 3, 2020
in Manufacturing, Technology
Reading Time: 4 mins read
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Country-wide expansion of e-NAM

New features have been added to National Agriculture Market (e-NAM) Platform which will be soon expanded to 415 mandis (markets), reaching out to 1,000 e-NAM mandis across the country.

The features:

  • Warehouse based trading module in e-NAM software to facilitate trade from warehouses based on e-NWR
  • A trading module in e-NAM allowing Farmer Producer Organizations (FPOs) to trade their produce from their collection center without bringing the produce to Agriculture Produce Market Committee (APMC).

This is to strengthen agriculture marketing by farmers which will reduce their need to physically come to wholesale mandis for selling their harvested produce, especially during the critical need to decongest mandis to effectively fight COVID-19, said Agriculture and Farmers’ Welfare Minister Narendra Singh Tomar at the launch of new softwares on eNam on 2 Apr 2020.

In addition to facilitate inter-mandi and inter-state trade at this juncture, enhanced version of logistic module has been released whereby aggregators of transport logistic platform have joined to help users to avail trackable transport facilities for transporting their produce.

Tomar reiterated that e-NAM was launched on 14 April 2016 as a pan-India electronic trade portal linking APMCs across the States. It has already linked 585 mandis in 16 States and two Union Territories.

He also said that e-NAM will be soon expanded to cover additional 415 mandis, which will take the total number of e-NAM mandis to 1,000. 

Further highlighting, he said e-NAM provides for contactless remote bidding and mobile-based any time payment for which traders do not need to either visit mandis or banks for the same.

This helps improve social distancing and safety in the APMC markets to fight against COVID-19.

Tomar further added that these new features are to help farmers to effectively sell their produce at better prices from near their farm gate.

The minister said that the mandis play  a critical role in maintaining the supply chain of Grains, Fruits & Vegetables. e-NAM is well poised to play a critical role during the period of Covid-19 to decongest mandis while helping the farmers at same time. For this purpose following 03 modules have been launched for

Also launched are features to enhance the effectiveness of e-NAM.

These include “Negotiable Warehouse Receipt (e-NWRs)” module in National Agriculture Market (e-NAM) software.

Warehouse (Registered with WDRA) trading module with payment feature is launched today to enable small & marginal famers to directly trade their stored produce from selected WDRA registered warehouses which are declared deemed market by the State.

Farmers will be able to place their produce in WDRA accredited warehouses.

Fourteen warehouses in Telangana and 23 in Andhra Pradesh have been declared designated warehouses in the State as deemed market.

Benefits of eNWRs integration with e-NAM

Depositor can save the Logistics expenses and will have better income.

Farmers can sell the produce across the Nation to get better Price and at the same time can save on hassle to reach mandi.

Farmers will be able to place their produce in WDRA accredited warehouses avail the benefit of pledge loan if required.

Price stabilization by matching supply and demand through time and place utility.

FPO trading module allow FPOs to upload their produce from their premise/collection centres for bidding. They can upload the picture of the produce and quality parameters from their premises to help distant bidders to visualise the produce before bidding.

FPOs have the option for delivery of produce either from their premises or by bringing to mandi premise after successful bidding. This will not only decongest the mandis but also reduce the logistics cost for the FPOs.

Facility provided to FPO to upload assaying report and photo of their produce from their premise to enable traders to visualise the produce before bidding.

Logistic Module: Presently, e-NAM provides a database of individual transporters to the traders. However, as a quantum response to logistic need by traders, provision has been made for linking large logistic aggregator platforms, which will provide choices to users.

Traders would be able to use the link to navigate to the logistics provider’s website and select appropriate services. With these additions, more than 375,000 number of trucks from large logistic providers would be added for logistic purpose.

This will help in seamless transportation of agri produce.

This will promote inter-State trade under e-NAM by providing online transport facilities for distant buyers.

Tomar stressed that these programs will help farmers to sell their produce at remunerative prices near to their farm gate without coming to mandis.

He added further that Mandis have been advised to adopt utmost sanitary and social distancing measures for the safety of farmers and other stakeholders.

States are also being encouraged to facilitate direct buying by bulk buyers/processors and big retailers without having to go through mandis to decongest them. fiinews.com

Tags: Ministry of Agriculture and Farmers Welfare
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