What is/are the advantage/advantages of implementing the ‘National Agriculture Market’ (NAM) scheme? 1. It is a pan-India electronic trading portal for agricultural commodities. 2. It provides the farmers access to the nationwide market, with prices commensurate with the quality of their produce. Select the correct answer using the code given below :

QUESTION

Easy

Economy

Prelims 2017

What is/are the advantage/advantages of implementing the ‘National Agriculture Market’ (NAM) scheme?

It is a pan-India electronic trading portal for agricultural commodities.
It provides the farmers access to the nationwide market, with prices commensurate with the quality of their produce.

Select the correct answer using the code given below :

Select an option to attempt

Explanation

E-NAM (National Agriculture Market) is an online trading platform for agriculture produce aiming to help farmers, traders, and buyers with online trading and getting a better price through smooth marketing.

Statement 1 is Correct: Pan-India electronic trading portal (Correct) This is a core feature of NAM. It creates a unified online platform where farmers can connect with buyers from across the country, eliminating geographical restrictions and potentially increasing market access.

Statement 2 is Correct: Access to nationwide markets and better prices (Correct) NAM allows farmers to see prices prevailing in various mandis (wholesale markets) across the country. This transparency empowers them to choose the market offering the best price for their produce, potentially fetching them higher returns compared to traditional, localised markets.

Therefore, the correct answer is 1 and 2 both are correct.Hence, option C is the correct answer.

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