Bengaluru:Union Minister for Agriculture Narendra Tomar on Thursday launched the platform of platforms (PoP) under the National Agriculture Market (eNAM) project on the sidelines of the State Agriculture and Horticulture Ministers' Conference here. An equity grant of over Rs 37 crore was also released to 1,018 Farmer Producer Organisations (FPOs) that will benefit about 3.5 lakh farmers, an official statement said.
It further said that with the introduction of PoP, farmers would be facilitated to sell the produce outside their State borders. This would increase farmers' digital access to multiple markets, buyers and service providers and bring transparency in business transactions with the aim of improving price search mechanism and quality commensurate price realisation.
According to the statement, 41 service providers from different platforms are covered under PoP facilitating various value chain services like trading, quality checks, warehousing, fintech, market information, and transportation. The PoP would create a digital eco system, which would benefit from the expertise of different platforms in different segments of the agricultural value chain.
Under the scheme, up to Rs 18 lakh financial aid per FPO would be provided for a period of three years. In addition, a loan of Rs. 2,000 for each farmer-member of the FPO within a limit of Rs 15 lakh per FPO would be available. There is also a provision of project loan or equivalent grant from any eligible lending institution of up to Rs.2 crore per FPO, the statement read.