Why in news?

• The Department of Agriculture and Farmers’ Welfare announced the addition of 9 new agricultural commodities to the platform, increasing the total number of tradable commodities on e-NAM from 238 to 247.
• The latest commodities include Green Tea, Tea, Ashwagandha Dry Roots, Mustard Oil, Lavender Oil, Mentha Oil, Virgin Olive Oil, Lavender Dried Flower, and Broken Rice.

About eNAM platform

• The platform is a pan-India electronic trading portal that networks existing Agricultural Produce Market Committee (APMC) mandis to create a unified national market for agricultural commodities.
• eNAM aims to streamline and integrate agricultural markets across India through a common online platform.

Key features of eNAM

• Facilitating better price discovery by promoting transparent auctions based on actual demand and supply.

• Enabling farmers, traders, and buyers to transact online across different markets.
• Reducing information asymmetry and transaction costs.
• Providing online payment to farmers and quality assaying systems for produce.
• Enhancing market access to multiple buyers and mandis beyond state borders to boost farm income.
• Mobile app support for remote bidding, real-time price and arrival information, and gate entry facilitation.

The platform continues to align with government initiatives to digitize and formalize agricultural trade, ultimately empowering farmers with better market access and price realization.

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