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Govt ropes in ICICI Bank to enable cashless payments on e-NAM

KalingaTV News Network

New Delhi: The Union Government has engaged private lender ICICI Bank to enable online payments at 470 mandis integrated with the national portal of electronic National Agriculture Market (e-NAM).

Currently, e-NAM participants are doing payments through traditional ways via bank branches, debit cards and net banking.

A senior Agriculture Ministry official said that farmers have started trading online within mandi.

The official said, online payments should to be smooth and without any delay which is why ICICI Bank has been roped in as a banker for e-NAM.

ICICI Bank will enable BHIM (Bharat Interface for Money) and Unified Payments Interface (UPI) on the e-NAM portal for making cashless payments, the official added.