With every passing year, more and more Multinational Companies (MNCs) across the globe are entering the Indian market to sell value-added agri products that fetch far higher prices than what their India-sourced raw commodities fetch. For e.g. a popular brand’s 250 gms. packet of Cornflakes, with minimal fortification, sells at a 3-4 times higher price than raw cornflakes. The same goes for Imported Fruits like Apples, Oranges and Grapes that command a premium of 50-100% over the ones produced in India.
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”→
The NCDEX Krishi Pragati Awards, 2017 held on 7th September at the Taj Mansingh Hotel in Delhi, was the first of its kind awards ceremony to recognise and felicitate outstanding agri value chain service providers for their invaluable support to the NCDEX Group to make agri markets transparent, simpler and safer.
When it comes to agriculture market reforms to enhance farmers’ income, the success story of Karnataka’s Unified Market Platform (UMP)* stands out. By seamlessly connecting all 157 mandis (APMCs) in the State through the UMP and introducing the ‘Unified License’ – a single trading license for purchase and sale of agricultural produce through any APMC in the State – Karnataka has pioneered in successfully creating India’s first State Agriculture Market (SAM).
In July 2015, the Union Govt. Of India under the leadership of Hon. PM Narendra Modi embarked on an ambitious mission of transforming India into a digitally empowered society and knowledge economy. Titled ‘Digital India’, this initiative is centered on 3 key areas – Digital Infrastructure as a Utility to Every Citizen, On-demand Governance & Services and Digital Empowerment of Citizens, and is aimed at transforming the entire Public Services ecosystem through effective use of Information Technology.
As the clamour for Digital Transformation began earnestly in various Centre and State departments, it became critical to identify the most successful eGovernance projects as an inspiration and benchmark for others. The concept of ‘Gems Of Digital India Awards’ was thus conceived to identify and felicitate the best of the best eGovernance projects in India.