This will be a significant fillip from the projected gross value addition of 1.1 per cent in the agriculture sector in 2015-16. A clearer picture of farm sector growth will be available on May 31, when the Central Statistics Office releases the fourth quarter growth estimates as well as the provisional annual estimates for 2015-16.
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The recently launched e-NAM (National Agriculture Market) is targeted to be rolled out in 200 mandis across the nation on September 30, 2016. In recent years, the country has seen rising efforts by the government and private companies to unify agricultural markets.
Prime Minister Narendra Modi on Thursday sowed the seeds for a farming revolution, with the launch of e-NAM, an online portal for trading in agriculture produce, which promises to liberate farmers from the clutches of middle-men and realise fair market value for their yields.