Purpose
Short Term Loan (Demand Loan) against pledge of the e-Negotiable Warehouse receipt of NERL/CCRL covering stocks of agricultural commodities stored in warehouses registered with WDRA.
Eligibility
Traders, Arathias, Exporters/ Importers who are Original Depositors covering only Non Perishable Agricultural Commodities, Agro Processors (classified as MSME)
Quantum of Finance
Up to Rs. 10.00 Crore per borrower (Quantum of Loan should be commensurate with past sales trends and projection acceptable to Bank).
Margin
Depending on type of commodity. Subject to change from time to time.
Rate of Interest
EBLR + 0.75% p.a.
Security
Pledge of e-Negotiable Warehouse Receipt duly lien marked in NERL/CCRL portal in favor of Bank, covering stocks of commodities stored in warehouse registered with WDRA.
Credits – Union Bank of India