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Karnataka plans to expand its pioneering Rashtriya e-Market Services (ReMS) platform to sell agricultural and horticultural products from agricultural producer organizations (OPAs), a senior official said on Wednesday.
The ReMS e-commerce platform will connect markets to FPOs, allowing farmer collectives to sell their produce in bulk.
“As a pilot sale, 37 lots of 4,661 quintals with a total commercial value of Rs 1.41 crore were traded on the platform,” said ReMS Managing Director Manoj Rajan, adding that the Chief Minister Basavaraj Bommai will chair a meeting soon to discuss expanding the platform to cover more FPO.
Karnataka has 700 FPOs with an average membership of 350 to 400 shareholders.
Speaking at the State Credit Seminar hosted by NABARD, Additional Chief Secretary and Development Commissioner Vandita Sharma said FPOs help increase farm incomes in the long run. “The pilot had 4,661 quintals. It’s not sufficient. The sale of FPO products must be ported to the ReMS portal. This will make it easier for the farming community to do business, ”she said.
Sharma pointed out that Karnataka was the first state to launch auctions in APMCs using ReMS. “The National Agricultural Market (e-NAM) came later,” she said. Rajan said OPS products like peanut, corn, paddy, tur, ragi, jaggery, Bengal gram, green gram and soybeans will gain market through ReMS.
“The electronic trading platform provides transparent, secure and comprehensive trading functionality to conduct online transactions for FPOs,” he explained. “FPOs update the details of lots available for sale and buyers participate remotely by offering their bids. The platform supports online settlement and payments to POs / farmers bank accounts.
The platform has 44,000 registered traders in 160 state markets. “These traders have access to these FPOs enabling them to earn a fair income on their agricultural products through a transparent price discovery mechanism,” Rajan said.
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