JIT Payment
Introduction
JIT Payment: Hello there, we all know that technology has become very advanced over time. Furthermore, due to technological advancement, many sectors benefit from digitalization. However, when we look at the conditions of our farmers, we can see that they get exploited. Hence, they are not able to get the right prices for the crops that they sell. For the same reason, the Government of India took the initiative and launched this platform named JIT PAYMENT. Indeed, this portal is aimed at getting farmers the right prices for their crops. We are going to discuss this portal in full detail. We will elaborately inform you about everything that you need to know about this. Hence, read this till the end.
JIT Payment: what is it about?
There are a lot of cases of farmers getting exploited when they sell their crops. Indeed, this may happen because they are unaware of the official process of crops that are announced by the Government. Thereafter, the middleman and others buy their crops for unjustified prices. Therefore, the Government of India came up with this portal. JIT Payment portal lets farmers check on the status of payment for their crops. Furthermore, they can easily access all the information by accessing this JIT portal. Moreover, they can use this portal to effectively sell their crops at the right prices.
Also, they can check whether the payment for the sold crops has been initiated or not. In case, the payments do not get initiated they can act directly. They can visit the nearest branch to resolve their respective issues. Meanwhile, farmers can also choose to increase prices for specific crops of their choice. For example, wheat, corn, paddy, sugarcane, gram, lentil, jawar, mustard, and many more. Whereas, aside from all these functions of checking the price and payment status. Farmers can also overlook the process of loading as well as unloading their crops. Indeed, the crops that have already been processed or are currently under process.
More about the JIT Payment portal
The JIT in the JIT Payment portal stands for Just in Time. Moreover, it is an e-payment portal designed, developed, and launched by the Government of India. Also, it is specifically made to help farmers in India. The sole purpose of this portal is to help them get adequate and right prices for the crops that they have grown. Indeed, with the use of this portal, farmers can conveniently sell their crops. Moreover, the process of reviving payments is also made easy with this. Hence, the farmers can directly get paid through the e-payment gateway of this portal. However, many other functionalities of this portal are helpful. For example, services like e-payment, warehouse, labor fees, commissions, loading, unloading, and much more.
How does the JIT Payment portal work & function?
It is very easy to understand the working process of this portal. However, it is unique and simple at the same time. Furthermore, it works efficiently at getting farmers paid with the exact amounts and values of their crops. The process of selling is made very convenient too. Once the farmers have collected all the crops they intend to sell. Thereafter, they need to take them to their nearest organization where they will receive an EPO. Indeed, they will receive this EPO through their portal. Thereafter, once they receive the EPO their crops get approved of their procurement. The farmers get paid by direct transfer to their banks through the help of this portal.
Services offered to farmers on the JIT Payment portal are listed below
- Farmer payment status
- Labor charges payment
- Society commission
- Warehouse payment
- Transport
- Unloading
- Loading
- Handling charges payment
JIT Payment: What are the benefits?
Indeed, there are many benefits that this portal offers to the farmers. However, we have listed below the most crucial of all benefits of this platform. Hence, you will be able to have a better understanding of what this government-initiated portal aims to provide.
- Farmers stay safe from bearing any losses. Also, from being exploited by middlemen and other individuals in the market.
- They can get the exact and accurate value for their efforts in growing the crops that they sell.
- Furthermore, this portal has safe and secure protocols for the payments to reach farmers through their e-payment feature.
- Also, this portal helps eliminate the roles of middlemen which used to be crucial previously. Hence, it also helps farmers to not pay anything extra out of their pockets.
- This portal upholds and efficiently supports the Minimum price scheme. Therefore, no crops of farmers will get sold at prices that are below the minimum.
- Lastly, this portal showcases the prices that had been officially announced by the management and officials of the portal.
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Conclusion
Indeed, this JIT Payment portal is a great initiative led by the government of India. It has proven to be beneficial for the farmers of India. Furthermore, this portal must reach all the farmers in India because they can benefit from it. Also, it helps avoid a lot of exploitation in the aspect of prices. Lastly, we hope that reading this far proved to be beneficial for you. We tried to be as informative and elaborate on this as possible. Therefore, there is hardly anything that you could have missed out on. Lastly, if you found this blog interesting and useful, you can also check out some of our other ones.
AUTHOR- Piyush Chauhan
