Produce Marketing Loan - Agricultural Banking | SBI - Agri & Rural

Features

• Eligible: Farmers and Group of Farmers.
• Type of Facility: Demand Laon with maximum tenor of 12 months.
• Quantum of loan: Based on the valuation of the pledged commodity, lowest of
  a. minimum Support Price, wherever declared or
  b. Current market price or
  c. Value mentioned in e-NWR/WHR).
  Limit = (Quantity × Valuation) – Margin.
• Maximum loan:
  • Against e-NWRs- ₹ 75.00 lakhs.
  • Against other WHRs- ₹ 50.00 lakhs.
• Margin: 25-40% (Based on the type of warehouse where product is stored)
• Moratorium: NA
• Repayment: Commensurate with stated shelf life of the commodity or date of validity of the WHR/e-NWR in any case not exceeding 12 months.
• Security:
  • Primary: Hypothecation / Pledge of e-NWR / Warehouse Receipts issued by WDRA registered Warehouses / Collaterally Managed Godowns / SWC / CWC Godown / Cold storages.
  • Collateral:
    • For WHRs by warehouses managed by Bank’s approved Collateral Managers and e-NWRs: NIL
    • For WHRs by other Warehouses (Not managed by Bank’s approved Collateral Managers): Mortgage of Land for loans above ₹10 lakhs.