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

    Posted 05 Mar 2024

    Updated 27 Mar 2024

    2 min read

    • 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.
    • Tags :
    • e-Kisan Upaj Nidhi
    • WDRA
    • Post-harvest loans
    • Negotiable Warehouse Receipt
    • NWR
    • e-NWR
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