Govt launches Rs 1,000-cr credit guarantee scheme to help farmers access post harvest loans
New Delhi, December 16, 2024.
:Union food minister Pralhad Joshi on Monday launched a Rs 1,000 crore credit guarantee scheme to help farmers easily access post-harvest loans by leveraging electronic warehouse receipts.
The scheme aims to reduce banks' reluctance to lend against electronic negotiable warehouse receipts (e-NWRs) issued by Warehousing Development and Regulatory Authority (WDRA) registered repositories.
"We have provided a corpus fund of Rs 1,000 crore. The objective is to encourage banks to lend loans with a liberal approach," the minister said at the scheme's launch.
