Telangana Governmen’s introduction to online payment mechanism for cotton farmers this season has made a mark. So far, the Cotton Corporation of India has paid Rs. 556 crore for the produce bought from farmers in the State.
The software introduced by the market department at the collection centres urged the farmers to register their names, providing their banking account details and personal identities.
As many as 44 market yards in the State were brought under the e-NAM (National Agriculture Market) umbrella, which would help farmers find better price for their produce, the department said.
The government through this online payment transaction between traders and commission agents this year is expecting a total turnover of Rs. 30,000 crore .
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