The Bank extends financial assistance to farmers storing produce in private / government warehouse / cold storages against pledge of warehouse / cold storage receipt to prevent distress sale. The maximum repayment period of the loan is 6 months.
Who is eligible for the loan :All categories of farmers availing crop loan from us.
Loan Amount :The loan amount will be 60 % of the value (minimum support price) of the produce stored.
Documents you need to produce :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.
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