Facilities for Bulk Buyers to Participate in Online Trading

Rashtriya eMarket Services ( ReMS ) Unified trader license enabling buyer anywhere in the state (or the country) to participate in all markets of Karnataka state. The wide reach of the electronic platform (UMP) facilitates traders across the state to bid from remote locations. Creating assaying infrastructure in the markets and disseminating the assayed results on the platform, encourages quality-based bidding.

APMC’s are established well-equipped assaying laboratories and commenced assaying services in 40 markets to cover a minimum 20% of the arrivals in the market. Assaying in the next batch of 30 markets is being taken up.

National Accreditation Board for Testing and Calibration Laboratories (NABL) accredited third party professionals are tied up for conducting assaying activity. They assay the lots and upload the quality details of the lot on the UMP.

To increase trader’s participation and encourage value addition at farmer’s end, market modernization features automatic cleaning, grading and packing equipment’s, installed at 61 markets, where the farmer’s produce will be machine cleaned and packed before sale.  Infrastructure required for auction (computer, TV etc.) and post-auction activities (electronic weighing machine) are installed in markets. Price display boards have been established and basic facilities have been enhanced in the markets. Rashtriya eMarket Services have introduced mobile apps for traders to carry out bidding remotely, price and market information app also available in google play stores.

Technology for making payments to farmers account directly has been established.  On-line payment of the sale proceeds to the bank accounts of the farmers has been carried out in 8 APMCs namely: – Titpur, Hubli, Gadag, Chamrajnagar, Nargund, Mundargi, Lakshmeshwar and Gajendragad ( Rona ), so far 703 farmers with sale proceeds of  more than Rs. 5 crores have been paid directly to their bank account. Bulk buyers such as ADM, Cargil, ITC, Metro cash & Carry, Godrej agro PepsiCo India and Reliance are buying directly from farmers.

Till now we have 47 Lakh farmers registered on the UMP. ReMS have organized many credit mela to provide credit to traders, farmers and commission agents. Now traders are moving towards formal banking arrangements where the traders are now provided with cash credit accounts.

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