- BEAM is an electronic spot platform which is launched for agricultural commodities.
- It is launched through its subsidiary BSE Investment Ltd.
- BEAM aims to strengthen the competitiveness of the agriculture market of India by enhancing the strength of BSE in the finance sector, market technology and its vibrant ecosystem.
- BEAM will be a platform which will serve at the national level and will be an institutionalized, electronic and transparent commodity spot trading mode platform which will develop a ‘single market’ mechanism, the vision of Prime Minister.
- It will offer sports transactions of Agri commodities across value chains which will include producers, intermediaries and customers.
- It is based on state-of-the-art technology to offer solutions to farmers, traders and stakeholders which will help them to sell or purchase Agri commodities in an efficient manner.
- BEAM will also help to cut the cost of intermediation along with improvement in procurement activities. It will also reduce obstructions in procurement and trading processes.
- BEAM platform will allow farmers to auction their yields and to serve other markets outside their states.
- Static Part:
- MD and CEO of BSE: Ashishkumar Chauhan
Question:
Q.1 What does ‘A’ signifies in BEAM, which is an electronic spot platform launched by BSE?
a. Across
b. Aspirational
c. Agriculture
a. Across
b. Aspirational
c. Agriculture
d. Automatic