Reiterating the Government’s commitment to double farmers’ income by 2022, the Union Budget 2018 has given a big boost to the Indian Agriculture sector.
Announcing a slew of new schemes, as well as enhancing support for existing schemes, to the tune of Rs. 14.34 lakh crores, this is perhaps the first Union Budget after independence that has looked beyond Minimum Support Prices (MSP) to enhance farmers’ incomes.
Seeking better solutions for effectively serving the needy and vulnerable sections of the society, like young children and Smallholder Farmers (SHF), through various food policy initiatives like Mid-day Meal Schemes and Public Distribution System (PDS), Shri Saryu Rai – Hon. Minister for Parliamentary Affairs, Food, Public Distribution & Consumer Affairs, Govt. of Jharkhand paid a visit to NeML’s Head Office in Mumbai.
Ever since we first published the ‘5 Steps To Create A National Agriculture Market (NAM) In India’ two months back, we had several discussions with various stakeholders of the agriculture markets ecosystem on the core component of NAM – Interoperability, and were surprised by the subjective understanding many had about the same.
Below are 5 simple suggestions to ensure everyone is on the same page when it comes to Interoperability:
NCDEX e Markets Ltd. (NeML)’s e-Pledge is a unique service which leverages NeML’s domain expertise in the commodity spot markets to bring together critical stakeholders – the Borrowers (primarily Smallholder Farmers, Traders, Aggregators and Processors), the Warehouse Service Providers (WSPs) and the Lenders (primarily Financial Institutions like Banks) on a single, robust online platform. Continue reading “Farmers Finance of Rs. 3362 crores on NeML e-Pledge”