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Finance against Electronic Negotiable Warehouse receipts (e-NWRs) issued by National E-Repository Ltd (NERL) and CDSL Commodity Repository Ltd (CCRL), presently, regulated by WDRA and any other repository proposed to be authorized by WDRA in future, to issue eNWR

  • Existing/New individual farmers directly engaged in Agriculture and Allied Activities are eligible for finance under the scheme which also includes
    • Self Help Groups (SHG) or Joint Liability Groups (JLGs), i.e. group of individual farmers
    • FPO/FPC of individual farmers and co- operatives of farmers
  • The above entities must have Repository account with name M/s National E- Repository Ltd (NeRL ) and /or CDSL Commodity Repository Limited (CCRL ), under the WDRA Act.

Margin Existing Parties enjoying crop production loan with us & maintaining nil overdue- 15% of the assessed value of the Stock/Commodity For Other – 25% of the assessed value of the Stock/Commodity
Security

For existing farmers, Loans upto ₹. 10.00 Lakhs and for New farmers, Loans upto ₹. 5.00 Lakhs

  • Pledge of e- Negotiable Warehouse Receipt duly lien marked in NERL/CCRL portal in favour of Bank, covering stocks of commodities stored in warehouse registered with WDRA.
  • Branch shall note the Lien in the e-NWR directly by Maker/Checker facility provided by NERL & CCRL before disbursement of loan.

For existing farmers, loans above ₹. 10.00Lakhs upto ₹. 75.00 Lakhs and for new farmers loan above ₹. 5.00 Lakhs Upto ₹. 75.00 Lakhs.

  • Pledge of e- Negotiable Warehouse Receipt duly lien marked in NERL/CCRL portal in favour of Bank, covering stocks of commodities stored in warehouse registered with WDRA.
  • Branch shall note the Lien in the e-NWR directly by Maker/Checker facility provided by NERL & CCRL before disbursement of loan.
  • Mortgage of landed property at least equivalent to loan amount.
  • In case of Partnership/LLP/Private Limited Company/ Limited Company, personal guarantee of Partners/Directors to be obtained.
  • Our charge to be created in ROC in case of LLP, Private Limited Company and Limited Company.
Repayment Period 12 months
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Last updated on 12-12-2024 10:04 PM

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