MCX, India Post centres to aware farmers about future tradings

Kolkata, Apr 16 (UNI) MCX, a multi-commodity exchange, and India Post will soon set up 100 Gramin Suvidha Kendras (GSK) across the country to spread awareness about future trading among the farmers.

MCX sources said here today that through this unique partnership, MCX (including its associates and stakeholders) would cater market information, warehousing, advisory and agri-input needs of farmers through India Post's widespread network of over 1,55,000 post offices across the country.

The services offered through GSK would help farmers to offer expert advices on farm-related issues, better market price for their produce, better warehousing facilities, funding against warehouse receipts, quality testing and grading facilities.

MCX would provide infrastructure, such as a computers, the Internet access and an electronic MCX commodity price ticker within the premises of the Dhamangaon sub-post office.

Farmers and traders would have access to price information and receive responses to queries on support services directly with a central hub for fast and accurate information.

Gramin Suvidha Kendra (GSK), a joint initiative of MCX and India Post, was launched on Friday last at Dhamangaon sub-post office, 55 km away from Amravati in Maharashtra MCX sources said Dhamangaon sub-post office would act as the nodal centre through which villages covered by six branch post offices (Anjansingi, Teora, Kamnapur Ghusli, Wadhona, Juna Dhamangaon and Jalka Patache) linked to it could avail of the GSK service.

The model is already operational in the Jalgaon region of Maharashtra and has been recently extended to Itarsi in MP and Unjha in Gujarat-has been replicated in Dhamangaon.

MCX sources said the model would become an e-commerce network of choice for both their input needs and offer benefits of financial inclusion in rural areas covered by the India Post network.

UNI