North East Region Agri Commodity E-Connect (NERACE)

• 15 Jul 2024

On 12th July, 2024, Union Minister for Communications and Development of the North Eastern Region (DoNER) launched the North East Region Agri Commodity E-Connect (NERACE) with an aim to integrate farmers and sellers, enhancing agricultural connectivity in the North Eastern Region.

Key Points

• The NERACE app is intended to support agricultural and horticultural products and is designed to promote North East as a reliable partner in the international agricultural value chain.
• It will promote local specialties like Black Rice, Kiwi, Large Cardamom, and medicinal plants in domestic and international markets.
• The app will serves as a transformative web portal and mobile app, enhancing market connectivity by seamlessly connecting producers, buyers, and service providers, including transportation and cold storage solutions.
• It will operate as a unique Farm to Business (F2B) marketplace, facilitating price negotiation, bookings, and real-time product availability across over 50 crop categories, with plans to onboard 50,000 producers and 5,000 buyers within five years.
• NERACE aims to revolutionize the agricultural landscape of Northeast India by addressing challenges such as limited market access, perishability concerns, and dependency on intermediaries.