Ram Vilas Paswan and Chaudhary Birender Singh launch e-RaKAM - a new revolution in Agriculture

August 2, 2017: Shri Ram Vilas Paswan, Minister of Consumer Affairs, Food & Public Distribution, Govt. of India along with Chaudhary Birender Singh, Minister of Steel, Govt. of India launched e-RaKAM (Rashtriya Kisan Agri Mandi), an exclusive e-platform for agri produce at Scope Convention Centre, Core 8, SCOPE Complex, Lodhi Road, New Delhi. e-RaKAM is developed by MSTC Limited and supported by marketing & logistics partner CRWC Limited. The event also was attended by Yogendra Tripathi CMD Food Corporation of India.

Shri RamVilas Paswan; Minister of Consumer Affairs, Food & Public Distribution expressed his happiness bycongratulating everyone. He said, “I appreciate e-RaKAM portal executedby MSTC and CRWC to handle its marketing and logistics. I personally feel thatwe should start with auctioning of pulses as we have them in abundance. 20 lakhtonnes of pulses were lying idle at warehouse and it still has no buyers.E-RaKAM will help us and farmers hugely. Initial hurdles will be there as mostof our farmers are illiterate and are in bad condition. However every new thingcomes with its own difficulties that will be managed with time. This wayvarious crops whose price increases due to rainfall or bad weather conditionswill be managed and will get the market. Even transport condition will alsohave initial hurdles that will be sorted with time.” 

ShriBirender Singh; Minister of Steel said, “Our aim is to strengthen theagriculture-oriented Indian economy and farmers, who play a vital role innational development. I congratulate all for the launch of e-RaKAM.” e-RaKAMis a first of its kind initiative that leverages technology to connect farmersto smallest villages to the biggest markets of the world through internet ande-RaKAM centers. 

E-RaKAM is adigital initiative bringing together the Farmers, FPOs, PSUs, Civil Suppliesand Buyers (Common People, Traders, Food Processors, etc.) on a single platformto ease the selling and buying process of agricultural products.  Underthis initiative e-RaKAM centers are being developed in a phased mannerthroughout the country to facilitate farmers/FPOs for online sale of theirproduce. 

On the otherhand, bidders from national and international markets will be able to buyquality agro products without any involvement of the intermediaries. Rightafter the completion of the bidding process, the buyer will have the option toget the products delivered through CRWC or any other logistics serviceprovider. While farmers would be paid through e-Payment directly into theirbank accounts, thus keeping the system free from the vested interest ofarbiters (intermediaries) which is the prime objective of e-RaKAM. 

Addressingthe media, Shri. B. B. Singh, CMD, MSTC said, “e-RaKAMis a dedicated portal that will provide a platform where agri-businesstransactions will be made through Forward Auction, e-booking, price-quantitye-auction and e-procurement with online payment system and has logistic supportby CRWC. The aim is to promote digital India drive in rural sectors so as toincrease the farmers income”. 

e-RaKAM isexpected to bring paradigm shift in the agriculture sector of India; aninitiative that enables Indian farmers to connect directly with potential marketsat best prices. 

Shri. K.U. Thankachen, MD, CRWC said, “We are very much delighted today with the launch ofe-RaKAM, first in the country to have a widespread e-market platform fortransparent sale transactions and price discovery. It unshackles the potentialof Indian farmers who have been trapped in a vicious cycle of intermediariesand low margin. CRWC will act as a Marketing & Logistics partner for theproject.”

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