Indian Government has done a commendable job in ensuring food safety for the country’s more than 1.2 billion population. Popularly known as “buffer stock management of agricultural produce”, this has served well to almost eradicate hunger from the country. However, there is surely enough room to further improve the management of these buffer stocks, especially in their disposal.
Continue reading “Scientific Disposal of Buffer Stocks in India – Part 1 of 3”
In the recently announced Karnataka State Budget 2018, the Hon. CM Shri Siddaramaiah acknowledged the Unified Market Platform (UMP) as one of the key drivers for the State’s sustainable growth.
Continue reading “UMP Paves Way For A Sustainable Karnataka”
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”
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).
Continue reading “‘Recognise & Reward’: How UMP is helping create ‘One Nation, One Market’ for Agriculture”