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A senior Karnataka official said on Wednesday that the state is considering expanding its pioneering Rashtriya e-Market Services (ReMS) platform to sell agricultural and horticultural products from Farmer Producer Organizations (FPOs).
A senior Karnataka official said on Wednesday that the state is considering expanding its pioneering Rashtriya e-marketplace services (ReMS) platform for the sale of agricultural and horticultural products from Agricultural Producer Organizations (OPF).
the ReMS the e-commerce platform will link markets to OPAs, allowing farmers’ produce to sell in droves.
“As a pilot sale, 37 lots of 4,661 quintals with a total transaction value of Rs 1.41 crore FPO were traded on the platform,” ReMS Director General Manoj Rajan said, noting that Chief Minister Basavaraj Bommai will convene a meeting shortly to explore expanding the platform to include other FPOs.
Karnataka has 700 FPOs, with 350 to 400 shareholders on average.
Vandita Sharma, additional chief secretary and development commissioner at NABARD’s State Credit Seminar, said OPFs help improve long-term farm incomes. “There were 4,661 quintals on the pilot.” It’s not good enough. The sale of FPO products should be focused on the ReMS Platform. “This will make it easier for farmers to do business,” he added. she says.
According to Sharma, Karnataka was the first state to launch APMC auctions using the ReMS. “The National Agriculture Market (e-NAM) followed later,” she explained. FPO products like groundnut, maize, paddy, tur, ragi, jaggery, bengal gram, green gram and soybeans would find a market through ReMSaccording to Rajan.
“The electronic trading platform offers clear, secure and comprehensive trading tools for FPOs to undertake transactions online,” he said. “FPOs are updating details of lots available for sale and buyers are engaging remotely by submitting bids.” The platform provides online settlements and payments to FPO/farmer bank accounts. »
The platform has 44,000 registered traders across 160 marketplaces in the state. “These traders have access to these OPAs, which allows them to earn fair revenues on their agricultural products through a fair price discovery mechanism,” Rajan explained.
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