Scheme to cater to the business need of Farmers, Processors, Arthiyas, Traders, Food and Agro Based Processing Units, Manufactures of Fertilizers, Individuals, Proprietorship / Partnerships Firms, Public / Pvt. / LLP Companies, FPO etc. against Warehouse Receipt.
Facility: Overdraft / Demand Loan.
Loan Amount: 65% to 75% of Prevailing Market Price / Value as per WHR.
Margin: 25% to 35% of Prevailing Market Price/Value as per WHR.
Tenor: Maximum 12 months.
Security: Pledge of Warehouse receipt duly lien marked in favour of Bank. In case of e-NWR, Lien shall be marked under maker checker mode through the facility provided, before disbursement.
In case WHR is issued by CWC / SWC / Collateral Managers having tie up arrangement with Bank / advance against e-NWR, Collateral Security is not required.