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.Home >> Loan >> Other Loan Schemes  >> >> Agriculture Loan Scheme  >> >> Advance against Warehouse Receipts to Farmers

 

Advance against Warehouse Receipts to Farmers
 
Purpose:
To provide loan to farmers and others to avail credit against their produce kept in warehouses.
 
Eligibility:
All farmers, Food Grain Dealers, Commission Agents, Millers who keep their agriculture produce in godown/warehouse.
 
Amount of Loan:
Maximum Rs.5 Crore.
 
Security:
  • Hypothecation of Farm Produce in Warehouse/ Godown .
  • Warehouse Receipt endorsed in favour of bank and delivered to Bank.
 
Margin:
25%
 
Click Here for Rate of Interest
 
Repayment:
Within 12 months.
 
Click here to view PLR Rates