E-NAM
National Agriculture Market or eNAM (where e is to be construed as electronic or digital) is an online trading platform for agricultural commodities in India. The market facilitates farmers, traders and buyers with online trading in commodities.
| Type | Agricultural commodities marketplace |
|---|---|
| Founded | 14 April 2016 |
| Owner | Ministry of Agriculture Government of India |
| Key people | Narendra Singh Tomar Union Agriculture Minister |
| Currency | Indian rupee (INR) (₹) |
| Commodities | 176 agro products |
| Volume | ₹1,22,000 crores means $187,692,307,692 (February 2021) |
| Website | https://enam.gov.in/web/ |
The market helps in better price discovery and providing facilities for smooth marketing of produce. The market transactions stood at ₹36,200 crore (equivalent to ₹480 billion or US$6.1 billion in 2023) by January 2018, mostly intra-market. Over 90 commodities including staple food grains, vegetables and fruits are currently listed in its list of commodities available for trade.
The eNAM markets are proving popular as the crops are weighed immediately and the stock is lifted on the same day and the payments are cleared online. In February 2018, some attractive features like MIS dashboard, BHIM and other mobile payments, enhanced features on the mobile app such as gate entry and payment through mobile phones and farmers database is helping adoption even more. The present trading is done mostly for intra-market, but in phases, it will be rolled out to trade in inter-market, inter-state, creating a unified national market for agricultural commodities.