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Home >> Loan >> Other Loan Schemes  >> >> Agriculture Loan Scheme  >> >> Advance against Warehouse Receipts to Farmers
Advance against Warehouse Receipts to Farmers

Purpose:

To provide loan to farmers and others to avail credit against their produce kept in warehouses.

 

Eligibility:

All farmers, Food Grain Dealers, Commission Agents, Millers who keep their agriculture produce in godown/warehouse.

 

Amount of Loan:

Maximum Rs.5 Crore.

 

Security:

  • Hypothecation of Farm Produce in Warehouse/ Godown .
  • Warehouse Receipt endorsed in favour of bank and delivered to Bank.

 

Margin:

25%

 

Rate of Interest :

To Farmers: ROI @ B.R. (irrespective of Loan amount)

Note : Agriculture Interest Subvention Scheme as per GOI guidelines shall be applicable for the Advances against Negotiable Warehouse Receipts (NWRs) to small and Marginal Farmers.

 

Repayment:

 Within 12 months.