Question
Warehousing Development Regulatory Authority (WDRA) has
signed Memorandum of Understanding (MoU) with which bank to facilitate farmers and traders in providing low interest rate loans & with the intent of promoting awareness to fund against e-NWRs (electronic Negotiable Warehouse Receipt)?Solution
To facilitate farmers and traders in providing low interest rate loans, Warehousing Development Regulatory Authority (WDRA) signed a Memorandum of Understanding (MoU) with a Bank of India (BoI). The MoU was signed with the intent of promoting awareness to fund against e-NWRs (electronic Negotiable Warehouse Receipt).The MoU also aims to provide information to depositors of the benefits, besides doing further outreach activities to improve agricultural pledge finance in India.
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