Budget 2017: Rs 75 lakh for each online agriculture market

This will help farmers to sell their products at a better price.

GN Bureau | February 1, 2017


#Farmers   #Agriculture   #Narendra Modi   #Arun Jaitley   #Budget 2017   #Union Budget   #eNAM  


Each online agriculture wholesale market will receive Rs 75 lakh each for the development of cleaning, grading and packaging of the farmers' products. There are 250 regulated markets available on the online platform i.e. e-NAM. Government will increase this number to 585 markets in coming years.

READ: A virtual market for farmers

Announcing the budget 2017-2018, finance minister Arun Jaitley said e-NAM will help farmers to sell their products at a better price.  Jaitley said that the focused areas of the budget 2017 are farmers, rural employment and infrastructure.

In July 2015, the ministry of agriculture and farmers welfare had proposed NAM, an integrated online platform for agriculture wholesale markets. Under NAM, famers can approach different buyers for their produce, which will ensure better value for their produce and less monopoly of the regular buyers.

The government allocated Rs 200 crore for three years to set up an online NAM, which aims to integrate existing regulated agriculture markets in the country on a single portal. This will help buyers from one market to purchase farm produce from other markets and vice versa, irrespective of their geographical location.





 

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