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Source-This post on e-Kisan Upaj Nidhi has been created based on the article “Shri Goyal launches ‘e-Kisan Upaj Nidhi’ to ease farmers’ warehousing logistics” published in “PIB” on 4th March 2024.
Why in the news?
Recently, the union Minister for Consumer Affairs, Food & Public Distribution, Commerce and Industry and Textiles launched ‘e-Kisan Upaj Nidhi’ (Digital Gateway).
What is ‘e-Kisan Upaj Nidhi’?
| Aspect | Details |
| About | It is a digital gateway of Warehousing Development and Regulatory Authority (WDRA). |
| Objective | To ease the farmers’ warehousing logistics and aid the farmers in receiving fair prices for their produce. |
| Nodal ministry | It is an initiative of the Department of Consumer Affairs, Ministry of Consumer Affairs, Food, and Public Distribution and Commerce and Industry and Textiles |
| Salient features | 1) E-Kisan Upaj Nidhi’ platform with its simplified digital process can ease the procedure of farmers’ storage at any registered WDRA warehouse for a period of 6 months at 7% interest per annum. 2) It will integrate e-Kisan Upaj Nidhi and e-NAM to enables farmers to leverage interconnected markets, extending benefits beyond government Minimum Support Price (MSP). |
| Significance | This initiative with no collateral, extra security deposit policy aims to prevent distress sales by farmers, enabling better post-harvest storage opportunities. |
What is Warehousing Development and Regulatory Authority (WDRA)?
- About– WDRA operates as a statutory authority under the Department of Food and Public Distribution. Its headquarter is at New Delhi.
- Established– It was established in October 2010 under the Warehousing (Development and Regulation) Act, 2007.
- Aim– to develop and regulate warehouses, promote negotiability of warehouse receipts, and facilitate orderly growth of the warehousing business in India.
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