Q1. What is/are the advantage/advantages of implementing the ‘National Agriculture Market’ scheme?
1. It is a pan-India electronic trading portal for agricultural commodities.
2. It provides the farmers access to nationwide markets, with prices commensurate with the quality of their produce.
Select the correct answer using the code given below:
1. It is a pan-India electronic trading portal for agricultural commodities.
2. It provides the farmers access to nationwide markets, with prices commensurate with the quality of their produce.
Select the correct answer using the code given below:
Explanation
Statement 1 is correct: National Agriculture Market (NAM) is a pan-India electronic trading portal, launched by the Ministry of Agriculture and Farmers Welfare. The NAM networks the existing APMC mandis to create a unified national market for agricultural commodities.
Statement 2 is correct: NAM promises more options for sale. The scheme facilitates farmers’ access to a wider market, which can help them get better prices based on the quality of their produce. It eliminates intermediaries and allows farmers to directly connect with buyers.