To facilitate farmers and traders in providing low interest rate loans, Punjab & Sind Bank exchanged a Memorandum of Understanding (MoU) with the Warehousing Development Regulatory Authority (WDRA) in the presence of Sh. Swarup Kumar Saha, MD & CEO Punjab & Sind Bank, Sh. T.K Manoj Kumar, Chairperson, WDRA and other senior officers of Punjab & Sind Bank and WDRA.

The MoU was signed with the intent of promoting awareness about finance against e-NWR (electronic Negotiable Warehouse Receipt). Combined with the inherent security and negotiability of the e-NWR system, the Produce Marketing Loan will go a long way in improving rural liquidity and increasing farmers income.

During the event, a presentation was made by WDRA on the importance of post-harvest pledge financing using warehouse receipts for improving rural credit. WDRA assured their full regulatory support in improving the fiduciary trust among stakeholders.

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