e-Marketplace Current Affairs - 2020

E-Nam: 200 new Mandis integrated

On May 1, 2020, around 200 Mandis were added to the E-NAM platform. The mandis were from 7 different states. They were joined through a video conference held by the Union Minister of Agriculture Shri Narendra Singh Tomar.

Highlights

The mandis added were from the states of Odisha, Andhra Pradesh, Gujarat, Rajasthan, Uttar Pradesh, Karnataka and Uttar Pradesh. These addends have brought the number of E-Nam mandis in the country to 785.

What is special about the step?

For the first time, a mandi from the state of Karnataka has been added to the E-NAM platform. Also, E-NAM has been integrated with the Rashtriya E-Market Service of Karnataka. This is the first time, two trading platforms of agriculture commodities have been integrated in India. This will help in inter-state trade development.

E-Nam

The National Agriculture Market was launched in 2016. It facilitates farmers, buyers and traders to trade their commodities online. More than 90 commodities are listed and are available for trade. The features of E-NAM were enhanced by attractive launchings such as BHIM, MIS dashboard, etc.

BHIM is Bharat Interface for Money. It is an application developed by National Payment Corporation of India. The app supports all the banks in the country and also helps user to transfer money instantly.

GoI to create 75 lakh Self Help Group by 2022

On March 8, 2020, Minister of Rural Development Narendra Singh Tomar announced that more than 17 lakh Self Help Groups (SHGs) are to be developed by 2022. Currently, there are more than 60 lakh self help groups in the country mobilizing 6 crore women.

Highlights

The Self-Help Groups will be provided funds for their livelihood missions. They will be linked with banks for easy credit flow. The platforms such as E-Marketplace will also be linked with the SHGs to provide better prices for their products.

Self Help Groups

The concept of Self-Help Groups was introduced in 1992 under the guidelines of RBI and NABARD. Today, more than 90% of SHGs in the country consist of women.

Why SHGs?

The SHGs help to promote Gender Equity, Social Integrity, Financial Inclusion and help raise voice of marginalized section. It also helps to improve efficiency of Government Schemes.

The “Kudumbashree” project in Kerala is the largest and most successful SHG project in the country that was launched in Kerala. It is a SHG of the State Government. It was launched in 1998.