Kotak Mahindra Bank (KMBL) announced it has been selected as a digital payments partner by the National Agriculture Market (eNAM), a pan-India electronic trading portal for farm produce. KMBL will enable and facilitate online transactions for all stakeholders on the eNAM platform, including farmers, traders and farmer producer organisations (FPOs).
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Under this initiative, Kotak will provide payment, clearing and settlement services on the eNAM platform to facilitate trade between a buyer and seller of Agri produce. Kotak has integrated its payment system and portal directly with the payment interface of eNAM, to enable quick and safe transactions for Agri participants who have joined the platform.
About the eNAM:
eNAM was formed on April 14, 2016, as a unified national market for agricultural commodities by networking Agricultural Produce Market Committees (APMCs) across the country. eNAM currently covers 1,000 mandis across 18 states and three union territories. There are around 1.68 crore farmers registered on the platform.
Important takeaways for all competitive exams:
The phrase “All Eyes on Poonch Attack” has emerged as a powerful rallying cry across…
In a significant move toward inclusive counter-terrorism efforts, the United Nations Office of Counter-Terrorism (UNOCT)…
In a tribute to one of India’s most revered rulers, the Maharashtra government has announced…
Military history is full of daring missions, strategic brilliance, and fierce combat, but sometimes, the…
On the historic occasion of the 300th birth anniversary of Ahilyabai Holkar, the Maharashtra government…
The Kerala government has launched the ‘Jyothi’ scheme, a comprehensive campaign aimed at enrolling migrant…
![](data:image/svg+xml;charset=utf-8,<svg height="169px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="218px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
