Modi Government plans to bring together 21 regulated wholesale markets, or mandis, in eight states under an online portal as part of National Agriculture Market (NAM).
"On April 14, on the 125 birth anniversary of BR Ambedkar, Prime Minister Narendra Modi will launch the e-trading platform — NAM — which proposes to integrate 585 regulated wholesale market or agriculture produce market committees (APMCs) under one electronic platform," agriculture minister Radha Mohan Singh stated on Wednesday.
This will ensure farmers get competitive returns and consumers get stable prices and steady availability, he said.
NAM is envisaged as a pan-India electronic trading portal that seeks to network the existing Agriculture Produce Marketing Committee (APMC) and other market yards to create a unified national market for farm commodities.
Currently, there are more than 7,000 wholesale markets in the country. States selected for the project are Gujarat, Telangana, Rajasthan, Madhya Pradesh, Uttar Pradesh, Haryana, Jharkhand and Himachal Pradesh.
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