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India to pilot test online agricultural trading facility for farmers in 8 states

April 15, 201634 CommentsDaily NewsBy wp-admin

The government of India will today launch an online trading platform for farmers, connecting them to a network of wholesale agricultural markets. To begin with, only 12 different farm commodities will be traded on the online platform, and only 21regulated wholesale markets (mandis) from eight different states are being considered under the pilot launch.

The platform is an extension of National Agricultural Market (NAM) scheme, which wasfirst approved in July 2015 with a Rs 200 crore budget, and had originally planned to integrate at least 585 mandis under an online market by March 2018.

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