The National Agriculture Market is a pan-India electronic trading portal.
More than 1200 APMCS selected by states are linked to the portal, creating a unified national market for agriculture commodities.
The Centre has provided the software free of cost to states and granted up to Rs 30 lakh per mandi/ market as a one-time measure for related equipment and infrastructure requirements.
States to Fulfill Following Criteria to Receive Assistance
- Make single license to be valid across the state
- Enforce a single point levy of market fee
- Provision for electronic auction as a mode for price discovery
Benefits of NAM
- FOR FARMER: NAM promises more options for sale. It would increase his access to markets through ware house-based sales and thus eliminates the need to transport his produce to the mandi.
- FOR TRADER: NAM offers the opportunity to access a larger national market for secondary trading.
- FOR BULK BUYERS, EXPORTERS: Benefit from being able to participate directly in trading at the local mandi/market level through the NAM platform, thereby reducing their intermediation costs.