e-Kisan Upaj Nidhi Platform:
The Union Minister for Consumer Affairs, Food & Public Distribution, Commerce and Industry and Textiles launched ‘e-Kisan Upaj Nidhi’ (Digital Gateway).
- e-Kisan Upaj Nidhi platform is a digital gateway of Warehousing Development and Regulatory Authority (WDRA).
- It is the initiative with its simplified digital process can ease the procedure of farmers’ storage at any registered WDRA warehouse for a period of 6 months at 7% interest per annum.
- This digital intervention is poised to mitigate distress sales by providing farmers with viable post-harvest storage options.
- Warehousing Development and Regulatory Authority (WDRA) was established under the Warehousing (Development and Regulation) Act, 2007 and it consists of one Chairperson and two full time Members.
- Mission of WDRA is to establish a negotiable warehouse receipt system in the country.
- It will make warehouse receipts a prime tool of trade and facilitate finance against it, enable banks to improve the quality of their lending portfolio
- This will help foster scientific warehousing of goods, increase liquidity in rural areas, improve supply chains, enhance grading and quality of goods and there by ensure higher returns to depositors.
