NCDEX e-Markets Ltd (NeML), India’s leading Agri-tech company’s Implementation of Mandi Modernization Program (MMP) is a major revolution in the world of primary Agri markets of India. The process of digitization in primary markets in the country started with this first step in Gulbarga APMC, Karnataka way back in 2011. The seed of primary market digitization was first planted by the State Government of Karnataka jointly with the help of NeML (formerly known as NSpot – NCDEX Spot Exchange), under the leadership of Mr. Chandra Mohan (Former Secretary APMC Gulbarga), Mr. Ramaseshan (MD NCDEX) and Mr. Ravindra Shevade (NeML, CTO).
Covid-19 Pandemic in India has led to mass reverse migration of labour from the urban centres to their rural roots. Since announcement of the unavoidable first phase of lock-down on Mar 23 2020, by the honourable Prime Minister of India, the economic activities came to a standstill. Most industrial centres and the states that provided jobs to the rural migrants could not support them anymore. Extension of lock-down after the first phase of 21 days led to un-anticipated hardships for the migrant labourers.
On 23rd May 2019, the BJP-led NDA coalition rode back to power with a thumping majority thereby assuring India of a stable government for the next 5 years. Amongst other things, one of the primary challenges the new government faces is reviving the agriculture industry in India.
Initiated with the noble aim of empowering farmers to market their own produce efficiently, and in the process double their income by 2022, on 14th April 2016, Government of India launched National Agricultural Market (NAM), which was later renamed as Electronic National Agricultural Market (e-NAM).
In the first part of this two-part blog series, we covered the basics of Universal Basic Income (UBI) along with certain pro-farmer Indian welfare schemes inspired therefrom. Further, we posed a question as to whether UBI can indeed be the magical cure to end the agrarian crisis in India. In this part, we will delve further into this subject and explore better alternatives to the same.