Consider the following statements about National Agriculture Market (NAM) Scheme:

  1. It provides for a pan-India electronic trading portal for agricultural commodities
  2. The lead agency for NAM is NABARD

Which of the above statements is/are correct?

Answer: [A] Only 1

Second statement is incorrect because Small Farmers Agribusiness Consortium (SFAC) will be the lead agency for the development of the National e-Market.

This question is a part of GKToday's Integrated IAS General Studies Module