Ministry of Consumer Affairs, Food & Public Distribution launches ‘e-Kisan Upaj Nidhi’

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e-Kisan Upaj Nidhi is a Digital Gateway initiative of Warehousing Development and Regulatory Authority (WDRA).
It aims to facilitate farmers in obtaining post-harvest loans from banks against their stocks stored in the WDRA registered warehouses.
- The loans are provided against electronic negotiable warehouse receipts (e-NWRs).

Warehouse Receipts are an acknowledgement in writing or in electronic form issued by a Warehouseman or his authorised representative of the receipt for storage of goods not owned by the warehouseman.
e-NWRs were launched in 2017 by the WDRA

About WDRA
- WDRA was established in 2010 under the WDRA Act, 2007.
- The mission of the Authority is to:
  - Establish a Negotiable Warehouse Receipt (NWR) system for all commodities through a network of registered warehouses,
  - Making the NWR a prime tool of trade and facilitate finance against it
  - Enable banks to enhance lending portfolio quality and interest in lending against goods deposited in registered warehouses.
- WDRA (Negotiable Warehouse Receipts) Regulations, 2011 lays down the rules for NWRs, including terms for standardization, issuance, surrender, etc.
- FCI, NAFED and National Horticulture Board have issued guidelines that Central Pool Stock should be kept in WDRA registered warehouses.