Govt., conducting a feasibility study on integrating e-NAM with ONDC
Govt., conducting a feasibility study on integrating e-NAM with ONDC
Current Affairs Daily Articles & Editorials
La Excellence IAS Academy | January 27, 2024
Syllabus: GS-III;
Subject: Economic Development;
Issue: Integration of e_NAM with ONDC.
- Integration aims to benefit buyers, and sellers, and bolster resilience against market disruptions.
- It could empower farmer-producer organizations (FPOs) to trade seamlessly across platforms.
- Key contributors: mobility, food, and grocery, with expansion into fashion, and electronics.
- Efforts to on-board SMEs, and rural sellers for inclusive economic participation.
Conclusion:
- Integration signifies a pivotal step in streamlining agricultural trade and advancing India’s digital economy.
| Take Away Notes (Prelims)
e-NAM (Electronic National Agriculture Market): · Online trading platform linking Agricultural Produce Market Committees (APMC) mandi nationwide. · Aims to establish a unified market for agricultural commodities, facilitating electronic sales for farmers. · Participating states provide e-NAM software free of cost. ONDC (Open Network for Digital Commerce): · A government initiative in India aimed at creating a unified digital commerce platform. · It promotes openness, interoperability, and data security while empowering MSMEs. Its goal is to revolutionize digital commerce, fostering innovation and inclusive growth. |
Source: The Hindu
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