Purpose
The Bank extends financial assistance to farmers storing produce in approved warehouses / cold storages against pledge of warehouse / cold storage receipts. The maximum repayment period of the loan is 3 months.
Eligibility
All categories of farmers, produce marketing co-operatives / societies, plantation companies etc., holding their produce in approved warehouses.
Loan Amount
The loan amount will be 70 % of the value of the produce stored.
Documents needed
Only the warehouse receipt issued and signed by the authorized warehouse keeper. The warehouse receipt should be duly endorsed in favour of the Bank.
Security
Pledge of warehouse receipt
Rates & Interest
Please refer rates & charges page
Repayment
The loan should be repaid within a period not exceeding 3 months.