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

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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

  • 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.
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