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e-Kisan Upaj Nidhi

Why is it in the news?

  • The Ministry of Consumer Affairs, Food & Public Distribution has launched ‘e-Kisan Upaj Nidhi’.

More about the news

  • ‘e-Kisan Upaj Nidhi’ is a Digital Gateway initiative introduced by the Warehousing Development and Regulatory Authority (WDRA).
  • The primary objective of ‘e-Kisan Upaj Nidhi’ is to assist farmers in obtaining post-harvest loans from banks against their stocks stored in WDRA registered warehouses.
  • Through this initiative, farmers can avail loans against electronic negotiable warehouse receipts (e-NWRs), which are issued for the commodities stored in registered warehouses.
About WDRA

路聽聽聽聽聽聽 Established in 2010 under the WDRA Act, 2007.

路聽聽聽聽聽聽 Aims to establish a Negotiable Warehouse Receipt (NWR) system for all commodities through a network of registered warehouses.

路聽聽聽聽聽聽 Aims to make NWR a primary tool of trade and facilitate finance against it.

路聽聽聽聽聽聽 Enables banks to improve lending portfolio quality and interest in lending against goods stored in registered warehouses.

路聽聽聽聽聽聽 The WDRA (Negotiable Warehouse Receipts) Regulations, 2011 lay down rules for NWRs issuance, surrender, and other related matters.

Warehouse Receipts

路聽聽聽聽聽聽 Warehouse receipts are written or electronic acknowledgments issued by a warehouseman or authorized representative for the storage of goods not owned by the warehouseman.

路聽聽聽聽聽聽 e-NWRs were introduced in 2017 by WDRA.

路聽聽聽聽聽聽 Guidelines for Central Pool Stock: FCI, NAFED, and National Horticulture Board have issued guidelines stipulating that Central Pool Stock should be stored in WDRA registered warehouses.

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