Indian farmers have traded 2.25 crore tonnes of agricultural commodities worth ₹58,930 crore on the e-NAM (national Agriculture market) portal till December 31, said Agriculture Minister Radha Mohan Singh on Thursday.
The online trade has benefited as many as 63.75 lakh farmers, the minister said while addressing a function to mark the silver jubilee celebration of the Small Farmers’ Agri-Business Consortium, the lead implementing agency of eNAM.
According to Singh, out of 774 farmer producer organisations (FPOs) formed by SFAC, 634 FPOs in 16 States are connected to e-NAM.
They have sold 549 tonnes of agricultural commodities worth ₹1.89 crore.
About 5,000 FPOs have been formed by various organisations such as the SFAC, NABARD and State Governments. SFAC alone constituted 551 FPOs from 2014-18, while 223 were set up between 2011 and 2014. About 7.52 lakh small, medium and marginal farmers have been connected with SFAC FPOs.
Till now, 349 FPOs have been provided capital subsidy of ₹20 crore and 38 FPOs have taken advantage of the Credit Guarantee Fund scheme.