Q. With reference to e-NAM, consider the following statements
Which of the statements given above is/are correct?
Q. With reference to e-NAM, consider the following statements
Which of the statements given above is/are correct?
The correct option is D Neither 1 nor 2
Explanation:
Statement 1 is incorrect: The National Agriculture Market (NAM) is a pan-India electronic trading portal, which links the existing Agricultural Produce Market Committee (APMC) mandis across the country to form a unified national market for agricultural commodities. NAM will create a national network of physical mandis that can be accessed online. It promotes transparent sales and transactions and price discovery in the regulated markets. Thus, it doesn't work outside the APMC network.
Statement 2 is incorrect: Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing eNAM under the aegis of the Ministry of Agriculture and Farmers’ Welfare, Government of India. NAFED has taken the lead on the e-Kisan mandis initiative.
Explanation:
Statement 1 is incorrect: The National Agriculture Market (NAM) is a pan-India electronic trading portal, which links the existing Agricultural Produce Market Committee (APMC) mandis across the country to form a unified national market for agricultural commodities. NAM will create a national network of physical mandis that can be accessed online. It promotes transparent sales and transactions and price discovery in the regulated markets. Thus, it doesn't work outside the APMC network.
Statement 2 is incorrect: Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing eNAM under the aegis of the Ministry of Agriculture and Farmers’ Welfare, Government of India. NAFED has taken the lead on the e-Kisan mandis initiative.
