National e-market for agricultural commodities:
Source:.Thehindu
The Department of Agriculture and Cooperation (DAC) has mandated Small Farmers’ Agri Business Consortium (SFAC), which is a registered society of DAC, to act as the lead promoter of National Agriculture Market (NAM).
SFAC will select a strategic partner through open tender to develop, operate and maintain the NAM e-platform.
It will also implement the NAM with budgetary grant support from DAC and technical support by the strategic partner. NAM is envisaged as a pan-India electronic trading portal, which seeks to primarily network 585 Agriculture Produce Market Committee (APMC) market yards to create a national e-market for agricultural commodities.
In addition, big private markets will also be allowed access to the software to enable better price discovery.
DAC will provide the software free of cost to the states for setting up of NAM and for its customisation to State specific requirements.
In addition, a one time grant of up to Rs. 30 lakh per mandi towards fixed costs of equipment/infrastructure will also be provided.
Source:.Thehindu
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