||Guidelines under the scheme
||To finance against warehouse receipt
||- Loans to Individual farmers [including Self Help Groups (SHGs) or Joint Liability Groups (JLGs), i.e. groups of individual farmers, provided Bank maintain disaggregated data of such loans], Proprietorship firm of farmers, Corporate Farmers, Farmer’s producer’s Organizations/Companies of individual farmers, Partnership Firms and Co-operatives of farmers directly engaged in Agriculture and Allied activities up to Rs 50 lakh against pledge/ hypothecation of agriculture produce ( including warehouse receipt) for a period not exceeding 12 months.
- Food & Agro Processing Units having aggregate sanctioned limit up to Rs 100 crores from the entire Banking system.
|Nature of facility
||Farmers: By Demand Loan
Others : By Cash Credit(Pledge)
|Rate of Interest
||MCLR + SP + 0.25
||Minimum of 30% (The margin may be increased considering the volatility in price for the particular commodity or as prescribed by the Collateral Manager whichever is higher).
||Up to 12 months for Farmers. For others as advised by CM for commodity to commodity but not more than 12 months
||Warehouse/Storage receipts issued by CM and their associates/franchise duly certified by CM.