101 more APMC mandis to be connected with e-NAM by March-end.

• This will bring total number of APMC mandis to 1,361 by March end and boost turnover of electronic National Agriculture Market (e-NAM) platform.
  • In the current fiscal, 260 mandis have joined the electronic platform, taking the total to 1,260

About e-NAM

• e-NAM is a pan-India electronic trading portal which networks existing APMC mandis to create a unified national market for agricultural commodities.
• Small Farmers Agribusiness Consortium (SFAC) under Ministry of Agriculture and Farmers’ Welfare (MoA&FW) is implementing agency for e-NAM.
• Conditions for joining e-Nam requires three amendments in APMC acts of states-

1. Single trading license (Unified) to be valid across state.
2. Single point levy of market fees across state.
3. Provision for e-auction/ e-trading as a mode of price discovery.

• APMC is a statutory market committee constituted by State Government in respect of trade in certain notified agricultural or horticultural or livestock products, under APMC Act 2003 issued by that state government.

Significance of integrating APMCs in e-NAM

• Creation of unified agricultural market transcending state boundaries.
• Increase in agricultural trade and market reach. Real time price discovery and stable price realization for producers. Better monitoring and regulation of traders and commission agents.