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”