Context:
Recently, Shri Goyal launches ‘e-Kisan Upaj Nidhi’ to ease farmers’ warehousing logistics
e-Kisan Upaj Nidhi:
- A digital gateway initiative
- Launched by – Warehousing Development and Regulatory Authority (WDRA)
- Aim – To facilitate farmers in obtaining post-harvest loans from banks against their stored stocks in the WDRA registered warehouses
- The loans are provided against electronic negotiable warehouse receipts or e-NWRs
Electronic negotiable warehouse Receipts (e-NWR):
- An acknowledgement in writing or in electronic form issued by a Warehouseman or his authorised representative for storage of goods not owned by the warehouseman
- Launched in – 2017 by the WDRA
Warehousing Development and Regulatory Authority (WDRA):
- Established in – 2010
- Under the WDRA Act, 2007
- A statutory authority under the Department of Food and Public Distribution
- Ministry – Ministry of Consumer Affairs, Food & Public Distribution
- Headquarters – New Delhi
- Mission –
- To establish a Negotiable Warehouse Receipt (NWR) system for all commodities through a network of registered warehouses
- To make the NWR a prime tool of trade and facilitate finance against it
- To enable banks to enhance lending portfolio quality and interest in lending against goods deposited in registered warehouses
- FCI, NAFED and National Horticulture Board – Issues guidelines that Central Pool Stock should be kept in WDRA registered warehouses
- The WDRA (Negotiable Warehouse Receipts) Regulations of 2011 establish the guidelines for Negotiable Warehouse Receipts (NWRs), encompassing provisions for standardization, issuance, surrender, and other related aspects.
Source: PIB
Previous Year Question
Which of the following is/are the aim/aims of “Digital India” Plan of the Government of India?
1. Formation of India’s own Internet companies like China did.
2. Establish a policy framework to encourage overseas multinational corporations that collect Big Data to build their large data centres within our national geographical boundaries.
3. Connect many of our villages to the Internet and bring Wi-Fi to many of our schools, public places and major tourist centres.
Select the correct answer using the code given below.
[UPSC Civil Services Exam – 2018 Prelims]
(a) 1 and 2 only
(b) 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Answer: (b)
Explanation:
Statement 1 is not correct:
Digital India is a campaign launched by the Government of India in order to ensure the Government’s services
Statement 2 is not correct:
It is made to available citizens electronically by improved online infrastructure and by increasing Internet connectivity or by making the country digitally empowered in the field of technology.
