The warehouse Receipt acts as Collateral against the stocks stored with an approved warehouse. Bank funds up to a certain percentage of the value mention in the receipt.
Target:Farmers and Small Traders
Features:
Simple documentation.
Time gap between submission of Warehouse Receipt to the bank and disbursal of loan is only few hours.
Borrower can stock the commodity in any Central and State Warehouses (CWC & SWC) located across the country.
Borrower can also stock in Private warehouses approved by the Bank. A Service Provider (Third party) will act as an interface between the Bank and Borrower to assist the borrower in documentation and other formalities, thus reducing processing time.
