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Financing Against Warehouse Receipt

Particulars Guidelines under the scheme
Purpose To finance against warehouse receipt
Eligibility - 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
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Margin 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).
Repayment Period Up to 12 months for Farmers. For others as advised by CM for commodity to commodity but not more than 12 months
Security Warehouse/Storage receipts issued by CM and their associates/franchise duly certified by CM.

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