Produce Loan against Electronic Negotiable

Finance against Electronic Negotiable Warehouse receipts (e-NWRs) issued by National E-Repository Ltd (NERL) and CDSL Commodity Repository Ltd (CCRL), presently, regulated by WDRA and any other repository proposed to be authorized by WDRA in future, to issue eNWR

Existing/New individual farmers directly engaged in Agriculture and Allied Activities are eligible for finance under the scheme which also includes
- Self Help Groups (SHG) or Joint Liability Groups (JLGs), i.e. group of individual farmers
- FPO/FPC of individual farmers and co- operatives of farmers
The above entities must have Repository account with name M/s National E- Repository Ltd (NeRL ) and /or CDSL Commodity Repository Limited (CCRL ), under the WDRA Act.

Margin	Existing Parties enjoying crop production loan with us & maintaining nil overdue- 15% of the assessed value of the Stock/Commodity For Other – 25% of the assessed value of the Stock/Commodity
Security	For existing farmers, Loans upto ₹. 10.00 Lakhs and for New farmers, Loans upto ₹. 5.00 Lakhs Pledge of e- Negotiable Warehouse Receipt duly lien marked in NERL/CCRL portal in favour of Bank, covering stocks of commodities stored in warehouse registered with WDRA. Branch shall note the Lien in the e-NWR directly by Maker/Checker facility provided by NERL & CCRL before disbursement of loan. For existing farmers, loans above ₹. 10.00Lakhs upto ₹. 75.00 Lakhs and for new farmers loan above ₹. 5.00 Lakhs Upto ₹. 75.00 Lakhs. Pledge of e- Negotiable Warehouse Receipt duly lien marked in NERL/CCRL portal in favour of Bank, covering stocks of commodities stored in warehouse registered with WDRA. Branch shall note the Lien in the e-NWR directly by Maker/Checker facility provided by NERL & CCRL before disbursement of loan. Mortgage of landed property at least equivalent to loan amount. In case of Partnership/LLP/Private Limited Company/ Limited Company, personal guarantee of Partners/Directors to be obtained. Our charge to be created in ROC in case of LLP, Private Limited Company and Limited Company.
Repayment Period	12 months