e-trading makes Karnataka farmers richer by 38 per cent

The e-trading enabled State farmers to get 38 per cent more profit in 2015-16 Direct sales through e-trading, e-permit and e-payment gets good price for ground nut, pulses, and copra e-trading facilitates doing away with middlemen and procure highest price.

The Karnataka farmers have received 38 per cent increased price for their agricultural produce in the year 2015-16 through e-trading, under the Unified Market Platform (UMP) initiative.
Karnataka had implemented an e - trading system in 2013-14, in collaboration with NCDEX e-Markets Ltd. The Central government formulated its Rashtriya e-Market Services Ltd based on the Karnataka model. The Centre’s Nithi Ayog has prepared a Doubling Farmer Income report that states that the UMP is not fully functional throughout the country. Once it is implemented, it will be a major step towards procuring better price for agriculture produce.
The report also records that compared to the income of farmers between 2013-14 and 2015-16, the Karnataka farmers have procured increased price than other wholesale centres in the country. All the present 157 APMC markets in Karnataka, provide e-trading, e-permit and e-payment facilities to farmers. This enables the farmers to find out which centre offers best price and trade accordingly. This has also restricted the involvement of middlemen.