Purpose
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* Finance against Warehouse/Cold Storage Receipts and Negotiable Warehouse Receipts issued by WDRA accredited Warehouses i.e. Central Warehouse Corporation, State Warehouse Corporation, Maharashtra State Warehouse Corporation etc. to Farmers/Traders/Processors/Arthiyas. |
Eligibility |
• Existing/New customers: 1. Individual Farmers (including SHGs/JLGs/Corporates including Farmers’ producer companies of Individual Farmers/Partnership Firms and Co-operatives of Farmers directly engaged in Agricultural and allied activities. 2. Arthias/Commission Agents, Traders. 3. Food and Agro based processing units. |
Quantum of Finance: |
* Need Based |
Margin
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* 35% on Market Price/Value as per Warehouse Receipt or 20% on Minimum Support Price whichever is lower. |
Security
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* Primary Security: |
Interest Rate
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• As per prevailing Rate of Interest for the scheme. • For Agriculture loans up to Rs.10lac- Interest subvention is also available against Negotiable WHR for a further period of 6 months from the due date of repayment of crop loan fixed by the branch or one year from the availment of loan whichever is earlier to small & marginal farmers having KCC. |
Terms of Repayment: |
• Normal Shelf life of the commodity/12 months from disbursement/Due date of WHR, whichever is earlier. |
N.B
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* For details please contact our nearest Branch.
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