NAFED, NCDEX e-Markets to buy pulses, oilseeds from farmers online.

The National Agricultural Cooperative Marketing Federation of India Ltd and NCDEX e-Markets Ltd have signed an agreement to create an e-platform for the procurement of oilseeds and pulses directly from farmers. The e-procurement platform enables farmers to sell the commodity to NAFED and NCDEX e-Markets online. This also provide end-to-end solution for the commodities till its storage in the warehouse and its disposal. Hassle-free transactions can be carried out as the platform is linked with the Core Banking System of banks for direct bank transfers into farmers account. The exact amount payable to them calculated and the amount transferred directly to their Aadhaar-linked bank accounts. The platform used by all NAFED state units for procurement of pulses and oilseed.