Consider the following statements about eNAM:

1. It is a Pan-India electronic trading portal, which networks the existing Agricultural Produce Market Committee (APMC) mandis.

2. The Small Farmers’ Agribusiness Consortium (SFAC) is the lead agency for implementing it.

Which of the statements given above is/are correct?

The National Agriculture Market (eNAM) is a Pan-India electronic trading portal, which networks the existing APMC (Agricultural Produce Market Committee) mandis to create a unified national market for agricultural commodities.

The Small Farmers’ Agribusiness Consortium (SFAC) is the lead agency for implementing eNAM, under the aegis of the Ministry of Agriculture and Farmers’ Welfare, Government of India.

VISION – To promote uniformity in agriculture marketing by streamlining of procedures across the integrated markets, removing information asymmetry between the buyers and the sellers, and promoting real time price discovery, based on actual demand and supply.

MISSION – Integration of APMCs across the country through a common online market platform to facilitate Pan-India trade in agriculture commodities, providing better price discovery through transparent auction process, based on quality of produce, along with timely online payment.