FM shows future to farmers; says, bury old systems – The Financial Express

The states should dismantle agriculture produce marketing committees (APMCs) and join the electronic national agriculture market (eNAM), finance minister Nirmala Sitharaman said at an event on Tuesday. The central government is pushing for eNAM, a pan-India electronic trading platform since the APMC platform has outlived its utility, Nirmala Sitharaman said at the 6th world congress on rural and agriculture finance. “eNAM is being pushed very much by the union government. Hope states are cajoled into rejecting APMC. APMC has outlived its utility,” she added. The Modi government is working on a plan to link all the 7,500 APMCs along with the weekly and bi-weekly temporary markets across the country with e-NAM-the centralised online commodities trading platform by FY22. e-NAM is sort of equivalent to online marketplace Amazon and Flipkart which provides platform for farmers to sell their produce online.

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