Warehouse Receipt Loan
Secure loans against stored commodities with trusted warehouse financing
Purpose
A Warehouse receipt Financing System is a machanism that allows the use of commodities as collateral to secure loans.In a typical werehouse receipt financing approch a farmer stores commodities at a certified independent werehouse
Eligibility
- Principal Security – 1) Original Werehouse receipt.
- 2) Loan limit – Subject to individual & group loan limit
- 3) Food & Drug Administration food safety standards authority of India
- 4) Loan repyment period 12th month
Document Required
- 1. Kyc documents of applicant i.e Pan / Aadhar / Letest Photograph, Identity Proof ( i.e. passport ,Driwing Licenes,voter Id)
- 2. Residential proof Latest Light Bill,House Tax Ricept.etc.
- 3. Business proof – Shop act,Uddam Aadhar, Licen of Krushi Uttpann bazar samiti.
- 4. Applicants ITR with B/S & P&L Computation of Income with all shedule with CA Certified for Last 3 years.
- 5. Latest bank a/c Statement of other bank for previous 6th month