NeML is India's leading electronic Commodity Spot Markets and Services Company. Incorporated in October 2006 as NCDEX Spot Exchange, NeML is a wholly owned subsidiary of NCDEX (majority owned by LIC, NABARD, IFFCO, PNB, Canara Bank, NSE). NeML has evolved as a thought leader in enhancing the efficiency of regulated primary agricultural markets in the country. With a national presence, the Company has pioneered breakthrough initiatives like Mandi Modernization Program (MMP), e-Finance and e-Marketing and enables state governments to fulfill their food security and price support initiatives leveraging its ecosystems commodity participants, warehouse service providers, assayers and financial institutions.