e-Kisan Upaj Nidhi

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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?

Piyush Goyal Launches 'e-Kisan Upaj Nidhi' Digital Gateway to Transform Agriculture for a 'Viksit Bharat' (Photo Source: @fooddeptgoi/X)
Krishi Jagran

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’?

AspectDetails
AboutIt is a digital gateway of Warehousing Development and Regulatory Authority (WDRA).
ObjectiveTo ease the farmers’ warehousing logistics and aid the farmers in receiving fair prices for their produce.
Nodal ministryIt is an initiative of the Department of Consumer Affairs, Ministry of Consumer Affairs, Food, and Public Distribution and Commerce and Industry and Textiles
Salient features1) 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).
SignificanceThis 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)?

  1. About– WDRA operates as a statutory authority under the Department of Food and Public Distribution. Its headquarter is at New Delhi.
  2. Established– It was established in October 2010 under the Warehousing (Development and Regulation) Act, 2007.
  3. 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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