Ministry of Consumer Affairs, Food & Public Distribution launches the ‘e-Kisan Upaj Nidhi’ (Digital Gateway).
About E-Kisan Upaj Nidhi:
- E-Kisan Upaj Nidhi is a Digital Gateway initiative by the Warehousing Development and Regulatory Authority (WDRA).
- It aims to help farmers get post-harvest loans against their stock stored in WDRA-registered warehouses.
- Loans are provided against electronic negotiable warehouse receipts, known as e-NWRs.
- It reduces logistical challenges for farmers, particularly in accessing warehousing facilities.
- It ensures farmers receive fair prices for their produce through easier storage logistics.
- It lowers security deposit charges at WDRA-registered warehouses to 1%, benefitting small farmers.
About Warehousing Development and Regulatory Authority (WDRA):
- The WDRA is an autonomous regulatory authority established under the Wakhar (Development and Authority) Act, 2007.
- The authority aims to regulate and develop the warehousing sector in India.
- Headquarters: New Delhi.
- The WDRA implements the National Policy on Negotiable Warehouse Receipts.
- Obtaining a license from the authority is mandatory to start a warehousing business in the country.
- It ensures rigorous monitoring and high standards at warehouses, enhancing the protection of farmers’ produce.
- The authority has made significant strides in providing an online platform for warehouse registration, with a target to register 1 lakh warehouses.
- It supports the integration of warehouses with e-NAM, creating a technology-driven interconnected market.
| UPSC IAS Preparation Resources | |
| Current Affairs Analysis | Topperspedia |
| GS Shots | Simply Explained |
| Daily Flash Cards | Daily Quiz |