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Cent WHR

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.