New Features of e-NAM Platform – COVID 19
New Features of e-NAM Platform
In an attempt to halt the spread of the novel Corona Virus, the Ministry of Agriculture & Farmers Welfare has launched new features of the National Agriculture Market (e-NAM) Platform. The new features of the e-NAM platform allow the remote bidding and mobile-based payment for traders which will strengthen the agriculture marketing. The added features of the e-NAM platform promote the inter-State trade by providing online transport facilities for distant buyers.
Note on e-NAM
This online trading platform for agricultural commodities is started on 14 April 2016 by the Ministry of Agriculture and Farmers’ Welfare, Government of India. It is as a pan-India trade portal ant its is linking the Agricultural products market committees across the States.
Know more about e-NAM
New features of e-NAM
For enhancing the effectiveness of e-NAM, the following modules have been introduced:
- Negotiable Warehouse Receipt (e-NWRs) module
- Farmer Producers’ Organisations trading module logistics Module
Negotiable Warehouse Receipt (e-NWRs) module
Negotiable Warehouse Receipt (e-NWRs) module of the National Agriculture Market software is developed with the Warehouse trading module with payment features. Using this new feature, small and marginal farmers can directly trade the stored products from selected Warehousing Development and Regulatory Authority (WDRA).
This feature applies to the warehouses which are registered in Warehousing Development and Regulatory Authority (WDRA) and declared deemed market by the State.
As per this new feature, the farmers can able to place the products in WDRA authorized warehouses. The farmer can sell the commodities in already declared deemed markets of 14 warehouses in Telangana and 23 warehouses in Andhra Pradesh.
Benefits of eNWRs integration with e-NAM Portal
- The depositor can able to save Logistics expenses and they will have better income.
- Farmers can sell the products across the Nation to get better Price and at the same time can save himself from the COVID – 19 (hassle of mandis).
- Farmers will be able to place their produce in WDRA accredited warehouses to avail of the benefit of pledge loans if required.
- Price stabilization by matching supply and demand through time and place utility
Farmer Producers’ Organisations (FPO) trading module
Farmer Producer Organizations are formed by a group of farmers. To facilitate the FPO process, the Small Farmers’ Agribusiness Consortium (SFAC) is mandated by the Department of Agriculture and Cooperation, Ministry of Agriculture, Government of India. The role of Farmer Producers’ Organisations is to act as an aggregator for farmers including from inputs to output. In the case of unsold Lots, Logistics arrangement is to be made by FPO/FPC
The integration of the FPO trading module with e-NAM enables the Farmer Producers’ Organisations to upload the produces from the collection centre for bidding. This e-NAM has enhanced with a feature to upload assaying reports and image of the product, the FPO can update the quality parameters of the commodity which will help the bidders to easily analyze the produce before bidding.
As a measure to reduce the logistics cost for the FPOs, the e-NAM new features allow the FPOs to deliver the product from the collection centre to mandis premises after successful bidding.
Benefits including FPO trading module in e-NAM
The integration of the FPO trading module with e-NAM allows the decongest of the mandis to avoid the spread of the novel coronavirus.
- It helps the Farmer Producers’ Organisations for hassle-free dealing with the mandis.
- The new feature of the e-NAM is reducing transaction costs and enhancing the bargaining power of FPO.
- FPO trading module facilitates the traders to avail the online payment facility with ease of doing business.
The old version of the e-NAM portal furnishes a database of individual transporters to the traders. The integration of logistic modules with the e-NAM is carried out after the quantum response of logistic needs by traders. Using these large logistic aggregator platforms, the trader can choose the transporter from the list of registered transporter.
This new version of the e-NAM portal enables the trader to select the link to navigate to the logistics provider’s website and select appropriate services. With these additions, more than 3 lakhs trucks from large logistic providers are added for the logistic purpose.
Access to e-NAM Logistics
To avail, this new features kindly access to the official website of e-NAM, from the homepage clicks on the e-NAM logistics option.
The list of registered Institutional Providers will be displayed. Select the appropriate transporter and the link will navigate to the official webpage of the transporter, after registering with the site, a trader can use this logistic module.
Benefits of integration of Logistic Module in e-NAM
The integration of the logistics module with e-NAM portal will help in the seamless transportation of Agriculture products and it promotes the inter-State trade by providing online transport facilities for distant buyers.