Digital Agricultural Marketing
Prelims:
Economy, Agriculture
Mains:
GS Paper II – Governance, GS Paper III –
Economy, Agriculture
Current
relevance:
Home minister launched
NAFED's digital e-auction portal, NAFEX.in, to promote transparent,
technology-driven, and efficient agricultural marketing under the cooperative
sector.
What is
NAFEX.in?
1.
National Agricultural Cooperative Marketing
Federation of India Ltd. (NAFED) launched NAFEX.in, an e-auction portal for transparent sale and procurement of
agricultural produce.
2.
Aim: Digital auctions, better price discovery, Transparent
marketing, Reduced transaction costs.
About NAFED:
1.
Aim: Both production and procurement of Agri-produce. Strengthening direct
procurement of pulses from farmers through NAFED and NCCF to
ensure remunerative prices, encourage greater pulses cultivation, and
achieve self-reliance in pulse production
2.
NAFED has
expanded beyond procurement into:
(i)
Organic farming
(ii)
Seed production
(iii) Bio-fertilizers
(iv) Retail marketing
(v) Food security
(vi) International
agricultural trade
1.
It also launches
three other Initiatives, Namely
(i)
DRISHTI – Digital monitoring & analytics system
(ii)
ERP – Enterprise Resource Planning for integrated
organisational management
(iii) NAFED Kalyan – Welfare initiative for farmers and stakeholders
2.
Other Notables:
(i)
NAFED has decided to earmark 1% of its profits as
scholarships for higher education and career development of
children from farmer families.
(ii)
Institutional
Strengthening- NAFED reportedly recovered
from financial distress and has significantly improved its operational
scale.
Source: PIB - https://www.pib.gov.in/PressReleaseDetail.aspx?PRID=2276539®=3&lang=1