Cent Warehouse Receipt Scheme

Purpose	* To finance against pledge of Warehouse / Cold Storage Receipts .
Eligibility	* Individual Farmers, SHGs, JLGs, Corporates, Partnership firms and co-operatives of farmers directly engaged in agricultural and allied activities . * Food and Agro based processing units . * Processors, Arthias and Traders .
Nature of facility	* Cash Credit / Demand Loan .
Quantum of Finance	Maximum Rs50.00Lakh Minimum of (i) Market Price, (ii) Minimum Support Price and (iii) Value mentioned in the Warehouse Receipt, Less Margin.
Margin	* 35%
Security	* Primary - Pledge of Warehouse Receipt. * Collateral - - No collateral against Warehouse Receipts issued by Central / State Warehousing Corporations and by other collateral managers having tie-up arrangements with the bank. - In other cases : o Third party guarantee of two persons o Mortgage/Charge on property to the extent of at least 50% of the loan amount.
Interest Rate (for Agriculture)	MCLR + 1.85% (excluding collateral manager charges which are to be recovered from borrower on actual basis)
(for other sectors)	* For other sectors viz., MSME and Non-Priority Sectors, the rate of interest will be as applicable to that sector.
Processing Charges	* Upto Rs 3 Lakh : - NIL * Rs 3 Lakh /- : @0.30%
Upfront Fee	* Upto Rs 3 Lakh : - NIL * Rs 3 Lakh /- : 50% of 1.25% (i.e. 0.625%)
Repayment	* Within 12 months or due date of Warehouse Receipt, whichever is earlier .