What is warehouse receipt financing?

Warehouse Receipt Financing received by the farmers after pledging their agriculture produce or commodities.

What are the steps of warehouse receipt financing process?

Following are the steps:Farmer has to submit an application for sanctioning of WHR loan before the commodity arrival season, in the nearest Branch and get the loan sanctioned.The farmer (borrower) deposits the commodity in the proposed warehouse and submits e-WHRThen, the branch will disburse the

What is the maximum loan against warehouse receipt?

There are two kinds of consumers, who are eligible for warehouse receipt financing.For individual farmers: Rs 50 against WHRs and Rs.75 lakh against NWRs/ e-NWRs.Food & Agro processing units banking with us: Aggregate sanctioned limit up to Rs.100 crores (including the proposed WHR limit) from

What is the interest rate for warehouse receipt loan in India?

The interest rate for warehouse receipt financing in India is 1-year MCLR +SP +0.25%.

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Warehouse Receipt Financing

Benefits
Eligibility Criteria
Features
Document Required
Fees & Charges
Most Important Terms and Conditions (MITC)

Warehouse Receipt Financing : Benefits

Physical Warehouse Receipts issued by State/Central Warehouse.
E-NWRs (Electronic Negotiable Warehouse Receipts) Issued by repositories identified by WDRA (Warehousing Development Regulatory Authority) i.e NERL (National E-Repository Limited) & CCRL (CDSL Commodity Repository Limited) at present.
Warehouse/Storage Receipts issued by our empanelled collateral managers (CMs) under tie up arrangement with our Bank, only for financing limits on regular and standalone basis to Food & Agro Processing units enjoying credit facility with bank.

Warehouse Receipts issued by Private Registered Warehouses/ Cold storage

Warehouse Receipt Financing : Eligibility Criteria

Loans to individual farmers (including SHGs, JLGs, Group of Individual Farmers, Proprietorship Firms of farmers, Corporate farmers, Farmers Producers Organizations, Partnership Firms and cooperatives of farmers directly engaged in Agriculture and Allied Activities, Up to Rs 50 Lakhs (For loans against NWRs/e-NWRs is Rs 75 lakh per borrower) against pledge /Hypothecation of agriculture produce (including warehouse receipts) for a period not exceeding 12 months.

Warehouse Receipt Financing : Features

Nature of Facility: Demand Loan in case of Farmers
Cash Credit Pledge in case of Food & Agro Processing Units

Warehouse Receipt Financing : Document Required

Application form for demand loan against pledge of warehouse receipt
KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
Passport Size photo
Land Records
IT Return

Warehouse Receipts in original duly discharged and assigned in Bank’s favor. In case of eNWRs copy of eNWRs duly lien marked in favor of the Bank

Warehouse Receipt Financing : Fees & Charges

As per Bank’s Guidelines

Warehouse Receipt Financing : Most Important Terms and Conditions (MITC)

Quantum of Loan	Upto Rs 50 Lakhs (For loans against NWRs/e-NWRs is Rs 75 lakh per borrower) against pledge /Hypothecation of agriculture produce (including warehouse receipts) for a period not exceeding 12 months.
Margin	Minimum of 30%
Nature Of Facility	Nature of Facility: Demand Loan in case of Farmers Cash Credit Pledge in case of Food & Agro Processing Units
Rate of interest	MCLR + SP+ 0.25%
Tenor of Loan	Maximum 12 Months
Processing Charges	As per Bank’s Guidelines
Security	Pledge of Agricultural Commodity and duly discharged/ Lien marked warehouse receipts.

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What is warehouse receipt financing?

Warehouse Receipt Financing received by the farmers after pledging their agriculture produce or commodities.
What are the steps of warehouse receipt financing process?
Following are the steps:

Farmer has to submit an application for sanctioning of WHR loan before the commodity arrival season, in the nearest Branch and get the loan sanctioned.

The farmer (borrower) deposits the commodity in the proposed warehouse and submits e-WHR

Then, the branch will disburse the loan amount after deducting the margin.
What is the maximum loan against warehouse receipt?
There are two kinds of consumers, who are eligible for warehouse receipt financing.

For individual farmers: Rs 50 against WHRs and Rs.75 lakh against NWRs/ e-NWRs.

Food & Agro processing units banking with us: Aggregate sanctioned limit up to Rs.100 crores (including the proposed WHR limit) from the entire banking system.
What is the interest rate for warehouse receipt loan in India?

The interest rate for warehouse receipt financing in India is 1-year MCLR +SP +0.25%.