BSE’s E-Agricultural Markets Ltd(BEAM)
Key Facts about BSE’s E-Agricultural Markets Ltd(BEAM)
The Bombay Stock Exchange (BSE) has lunched an
electronic spot platform for Agricultural commodities on December 11,2020.It
has been named as BSE’s Agricultural market limited (BEAM).
Key words
o
The platform has been lunched through the subsidiary
“BSE Investments Limited”.
o
BSE witnessed a trading of two tons of imported
almond. The total worth value of this treading was more than ? 6 lakh on the
lunched day of BEAM.
o
The platform facilitates the spot agricultural
commodities transactions across the value chain.
o
The value chain comprise of intermediaries, consumers,
producers and ancillary services.
Features of “e-agricultural markets limited” BEAM
o
BEAM makes use of the states-of-the-art technology that
offer the customized solutions to treads, farmers and stakeholder.
o
The platform helps in facilitating a risk free
purchase and sale of various agricultural commodities.
o
It ensure for the lower cost of intermediation,
enhanced producer’s realization, competitive consumer prices and improved
procurement efficiency.
o
BEAM will help farmers in one state to reach out to
markets of other state it will facilitate auction for their produce.
o
The platform will help the farmers and farmer
collectives to discover the best prices for their production on the basis of
quality.
o
It will also help offers to build capacity so as to
help intermediaries and exporters from states.
What was need?
The platform will function as an institutionalized, electronic ,transparent commodity spot trading platform. It has been lunched in line with the vision of prime minister to create a single market.
Comments
Post a Comment
if you have any doubt, please let me know