How does the agricultural startup can shift from government-controlled agricultural markets towards more demand-driven digital markets? Explain (200 Words)
Refer - The Indian Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· Startups are creating a buzz in India by raising large sums, despite many of them currently making losses.
· This is because they disrupt the traditional system of doing business and leapfrog to efficiency, winning the trust of potential investors.
· The agritech startups have a growing footprint. Dehaat is present in Bihar, West Bengal, Odisha, and Uttar Pradesh, working with 6,50,000 farmers through 1,890 Dehaat Centres.
· The startups have had a demonstrated impact. Ninjacart reduced wastage to 4 per cent compared to up to 25 per cent in traditional chains through demand-driven harvest schedule.
· Logistics optimisation enabled delivery in less than 12 hours at one-third the cost in traditional chains. Farmers’ net incomes are reported to have increased by 20 per cent.
· Agritech startups-led e-commerce platforms have the potential to steer the shift from government-controlled agricultural markets towards more demand-driven digital markets.
· The startup-FPO partnership can be further strengthened by incentivising the FPOs under the central government’s programme to add 10,000 new FPOs by 2024.
· This will also enable the government and policymakers to leverage the existing agritech pool and co-create solutions for shared value. If policies, institutions and partnerships can harness the current momentum, the startup ecosystem can be the next-generation technology revolution in the agrifood sector.
Somesh Sonar 3 years
Please Review
IAS Parliament 3 years
Try to explain the relevance of agri start up and mention how it produces the transition. Keep Writing.
IAS Parliament 3 years
Try to provide a conclusion, road ahead is different from conclusion both are not same. Keep Writing.
arjun choudhary 3 years
Kindly review
IAS Parliament 3 years
Try to provide some specific examples to support your arguments. Keep Writing.
