What is/are the advantage/advantages of implementing the ‘National Agriculture Market’ scheme?

1. It is a pan-India electronic trading portal for agricultural commodities.

2. It provides the farmers access to nationwide market, with prices commensurate with the quality of their produce.

Select the correct answer using the code given below:

Correct Answer: The correct option is Both 1 and 2.

Detailed Explanation:

The National Agriculture Market (e-NAM) is a flagship initiative of the Government of India launched to integrate agricultural markets across the country.

Analysis of Statement 1:

e-NAM is an online, pan-India electronic trading portal that networks the existing Agricultural Produce Market Committee (APMC) mandis to create a unified national market for agricultural commodities. Therefore, Statement 1 is correct.

Analysis of Statement 2:

The primary goal of e-NAM is to streamline marketing transaction procedures, reduce transaction costs, bring transparency in pricing based on quality assessment, and allow farmers to sell their produce to buyers nationwide. This ensures that farmers get prices commensurate with the quality of their produce. Therefore, Statement 2 is also correct.

Since both statements are correct, the right answer is Both 1 and 2.