e-Samridhi Portal

About e-Samridhi Portal: 

• It was launched through National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) and National Cooperative Consumers' Federation of India Limited (NCCF).
• It is for registration of farmers and government is committed to procure pulses at Minimum Support Prices (MSP) for farmers registered on the portal.
• Portal registration of farmers can be done directly or through Primary Agricultural Credit Societies (PACS) and FPO.
• The payment to the farmers will be made by NAFED directly into their mapped bank account and no agency will be involved in between.

Key facts about National Agricultural Cooperative Marketing Federation of India Ltd

• It is an apex organization of marketing cooperatives for agricultural produce in India.
• It was founded on 2 October 1958 to promote the trade of agricultural produce and forest resources across the nation.
• It is registered under the Multi State Co-operative Societies Act.
• With its headquarters in New Delhi, NAFED has four regional offices in Delhi, Mumbai, Chennai and Kolkata, apart from 28 zonal offices in capitals of states and important cities.
• Functions
  • It is the nodal agency to implement price stabilization measures under "Operation Greens" which aims to double the farmers' income by 2022.
  • Along with FCI the NAFED is involved in the procurement of oilseeds, pulses and copra under the Price Support Scheme (PSS).

Q1: What is Minimum Support Price (MSP)?

It is a way of protecting the farmers in India from the uncertainties of the markets as well as those of the natural kind. There is currently no statutory backing for these prices, nor any law mandating their enforcement.

Source: Agri Minister asks states to encourage farmers to register on e-Samridhi portal to avail procurement benefits