Mumbai, NFAPost: The electronic spot platform for agricultural commodities of BSE India – “BSE E-Agricultural Markets Ltd. (BEAM)” signed Agreement with Maharashtra State Cooperative Development Corporation (MSCTDC) to make use of the customized e-market solutions of BEAM to MSCTDC.
The Agreement which is signed at MSCTDC Nashik office would enable both parties to collaborate with meaningful outcomes for the smallholder farmers (SHFs) in the tribal region of the state. Both the companies would work closely with institutions that bring in significant inputs to strengthen the rural value chain in the country.
MSCTDC intends to leverage the strengths of BEAM to enhance its efficiency in disposal of the commodities procured from the tribal farmers under price support scheme (PSS) of the state.
Commenting on the development, MSCTDC Managing Director Nitin K Patil (IAS) said with this Agreement, MSCTDC would get access to market technologies of BEAM.
“This would help us in more competitive price discovery of our produce procured from the tribal farmers. This, in turn is likely to help us in serving our farmers in the tribal regions of the state better,” said Nitin K Patil.
BEAM CEO Rajesh Sinha said BSE set up BEAM with an objective to enhance access of its market technologies for the benefit of smallholder farmers.
“With our agreement with MSCTDC, BEAM has taken a significant step towards meeting this objective. Access to regulated and transparent marketplace, direct access to multiple buyers, receipt of cash directly into the account of beneficiary and reduction in intermediate costs are some of the major benefits of our platform. We would work closely with MSCTDC to bring in these strengths to the farmers in the tribal region of the state,” said Rajesh Sinha.
Jayram Rathod (GM Marketing) MSCTDC, Sopan Sambhare (Sr Manager Marketing) MSCTDC, and Babarao Suryawanshi, BEAM were present during the occasion.
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