What is/are the advantage/advantages of implementing the ‘National Agriculture Market’ (NAM) scheme?
- It is a pan-India electronic trading portal for agricultural commodities.
- It provides the farmers access to the nationwide market, with prices commensurate with the quality of their produce.
Select the correct answer using the code given below :
Detailed Explanation:
Answer: Option 3 — Both 1 and 2
The National Agriculture Market (e-NAM) is a pan-India electronic trading portal that integrates existing APMCs into a unified national market for agricultural commodities. It provides farmers access to nationwide markets with transparent price discovery based on quality parameters, thereby enabling them to get better prices for their produce.
✅ Statement 1 – Correct: e-NAM is indeed a pan-India electronic trading portal that connects agricultural mandis across the country through an online platform, facilitating electronic trading of agricultural commodities.
✅ Statement 2 – Correct: The scheme provides farmers access to a wider market beyond their local mandis, with prices determined based on quality standards and real-time price discovery, helping them get remunerative prices commensurate with the quality of their produce.
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