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Govt launches e-trading platform for aqua farmers, buyers

The government launched an e-trading platform called e-SANTA to connect the country’s aqua farmers and fishermen with buyers and exporters. The platform will allow buyers to purchase directly from the sellers with the ability to trace the origin of a product, which is an important factor in global trade writes ETV Bharat's Deputy News Editor Krishnanand Tripathi.

Govt launches e-trading platform for aqua farmers, buyers
Govt launches e-trading platform for aqua farmers, buyers

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Published : Apr 13, 2021, 6:14 PM IST

New Delhi: In order to connect the country’s aqua farmers and fishermen with buyers and exporters, the government on Tuesday launched an e-trading platform called e-SANTA, which will allow buyers to purchase directly from the sellers with the ability to trace the origin of a product, which is an important factor in global trade.

The e-SANTA portal stands for Electronic Solution for Augmenting NaCSA farmers' Trade in Aquaculture. Its nodal body, the National Centre for Sustainable Aquaculture (NaCSA) is a part of Marine Products Export Development Authority (MPEDA) under the ministry of commerce and industry.

“The e-SANTA will raise income, lifestyle, self-reliance, quality levels, traceability, and provide new options for our aqua farmers,” said Piyush Goyal, commerce and industries minister.

Goyal said that the platform will change the traditional way of doing business from a word of mouth basis to become more formalised and legally binding.

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The minister said the new e-trading platform will raise the farmers’ income by reducing risk, create awareness about the products and markets, shield against wrong practices and ensure ease of process in trade and export of aqua and marine products from the country.

Goyal said new tool bridge the divide between buyers and sellers and eliminate the intermediaries from the market.

It will revolutionize traditional aqua farming by providing cashless, contactless and paperless electronic trade platform between farmers and exporters.

“The e-SANTA can become a tool to collectively advertise the kind of products the buyers, fishermen & fish producing organisations are harvesting, so people in India and internationally can know what is available. It can become an auction platform in future,” he said.

The Platform is available in many languages, which will help the local population.

Goyal said that farmers were facing monopoly and exploitation, exporters were facing inconsistency and quality gaps in the products purchased, and traceability of aqua products was a big issue in international trade which will change with the use of this platform.

E-SANTA platform

The e-SANTA portal launched by commerce minister Piyush Goyal is a completely paperless and end-to-end electronic trading platform between aqua farmers and exporters.

According to the ministry of commerce, now the farmers will have the freedom to list their produce and quote their price while the exporters have the freedom to list their requirements and also to choose the products based on their requirements such as desired size, location, harvest dates etc.

The new e-trading platform will enable the farmers and buyers to have greater control over the trade by providing detailed specification of each product listing.

The new platform is backed by an end-to-end electronic payment system with NaCSA as an escrow agent, which means a government agency will hold the payment in its own account and release it to the seller on successful delivery of produce to the processing centre.

Traceability, online payment

According to the ministry, once a deal is finalised and advance payment is made then an electronic invoice will be generated and the date of harvest will be fixed.

The buyer will visit farm gate on the fixed date and the produce will be harvested in the buyer’s presence.

Once the harvest is completed, the final count and quantity of material are verified then the final amount will be decided and delivery challan will be issued.

The ministry said the final invoice will be generated when the material reaches the processing plant and the exporter makes the balance payment.

“The payment will be reflected in the escrow account, and the NaCSA will verify and release the payment to farmers,” it said.

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