- Rashtriya e-Market Services is a novel unified market program (UMP) launched by the Karnataka govt, and is a joint venture between it and the NCDEX Spot Exchange.
- It will enable the smallest farmers an access to a wider market and reap the benefits from the transparent system.
- The UMP will provide an electronic auction system across the state for transparent price determination. It will offer quality-based trading in Agricultural Produce Marketing Committees (APMCs) and online access to all APMC market functionaries. Participation would be open to all with unified market licences from the state government.
- With this, farmers can choose to sell in any regulated or private market in the state and get timely online payments.
- The UMP will also provide additional services, including assaying and grading, along with facilitating pledge loans to farmers.
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