[2] The eNAM markets are proving popular as the crops are weighed immediately and the stock is lifted on the same day and the payments are cleared online.

The Portal is managed by Small Farmers Agribusiness Consortium (SFAC) with the technology provider, NFCL’s iKisan division.

A similar project was initiated by the Congress government in the State of Karnataka, during UPA tenure and had been a great success.

On the eNAM platform, farmers can opt to trade directly on their own through the mobile app or through registered commission agents.

[3] The market is helping traders and exporters in procuring quality products in bulk, at one place and ensure transparent financial transactions.

The MIS dashboard was introduced in February 2018, to give a greater insight into the performance of each market (mandi) in terms of arrival and trade in commodities.

[4] Kotak Mahindra Bank (KMBL) has been selected as a digital payments partner by the National Agriculture Market (eNAM).

Under this initiative, Kotak Mahindra Bank will provide payment, clearing and settlement services on the eNAM platform to facilitate trade between a buyer and seller of agri produce.

SFAC through open tender selected Nagarjuna Fertilizers and Chemicals Ltd / Ikisan Division as Strategic Partner (SP) to develop, operate and maintain the NAM e-platform.

The Cabinet Committee on Economic Affairs had approved a Central Sector Scheme for Promotion of National Agricultural Market through Agri-Tech Infrastructure Fund (ATIF).

Buyers like large retailers, processors or exporters will be able to source commodities from any mandi in India thereby reducing the inter-mediation cost.