National Agriculture Market (NAM) has been conceived to create an online platform which will integrate the APMC regulated market yards across the States to create a National Agriculture Market. Department of Agriculture and Cooperation, Ministry of Agriculture, Government of India has decided to promote NAM through Agriculture Tech Infrastructure Fund (ATIF) by creation of a common electronic platform deployable in selected regulated markets across the country. This initiative is focused on reducing information asymmetry, increasing market reach for the farmers, and reducing transaction costs. Integration of APMC’S across the country through the e-platform is seen as an important measure for overcoming the challenges posed by the present APMC’s system namely – fragmentation of State into multiple market areas, each administered by separate APMC, multiple levy of mandi fees, requirement for multiple license for trading in different APMCs, licensing barriers leading to conditions of monopoly, poor quality of infrastructure and low use of technology, information asymmetry, opaque process for price discovery, high level of market charges, movement controls, etc
Visit www.enam.gov.in
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