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WDRA, PNB ink MoU to for finance against negotiable warehouse receipt

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Warehousing Development Regulatory Authority (WDRA) has signed an MoU with to facilitate to farmers and traders against negotiable warehouse receipts.


According to an official statement, the Memorandum of Understanding (MoU) was exchanged in the presence of T K Manoj Kumar, Chairperson, WDRA; Mukesh Kumar Jain, Member, WDRA; Atul Kumar Goel, MD & CEO, PNB; Sunil kumar Chug, CGM, and other senior officers of WDRA and .


The MoU was signed to promote awareness about against e-NWRs (electronic Negotiable Warehouse Receipt) with features such as no additional collateral and attractive interest rates.


The MoU is aimed at providing information to depositors of the benefits, besides doing further outreach activities to improve agricultural pledge in India.


“It is envisaged that the product will have far reaching consequences with regard to acceptance of e-NWRs among small and marginal farmers,” the statement said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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