WAREHOUSE RECEIPT financing scheme SBI WAREHOUSE RECEIPT financing scheme

Target Group Target Group Traders / owners of goods / manufacturers Purpose To finance against warehouse receipts of Warehouses managed by MCX/NBHC, NCDEX (NSMSL) and CWC/SWC Facility Cash Credit /Working Capital Demand Loan (WCDL)

Scheme features Security Rate of Interest Primary Collateral Warehouse receipt with lien marked/endorsed in favor of the bank Personal Guarantee of the Partners/ Directors as the case may be Upto 6 months @ 1.00 % above MCLR Above 6 months @ 1.20% above MCLR

Scheme features Margin – 30% of the value of the warehouse receipt, value at market price as periodically advised by NHBC OR 25% of the MSP declared by State/Central Government whichever is lower. Eligible Finance- 70% of the value of WHR VALUED AT Market Price or 75% of the minimum support price declared by State/Central Government whichever is lower. Processing Charges – ‘Nil’ if loan is availed by the customer & Rs.300 per Lac in case the loan is sanctioned but the borrower does not avail Insurance – Comprehensive insurance to be obtained. Cost to be borne by the warehouse receipt owner/borrower

Contact Persons at SBI Name of Official Designation Email ID Mobile Number Mr.Ram Anand Relationship Manager (ME) Ramanand.ramanand@sbi.co.in 94421 03166 Mr.Ramasubramanian.S Relationship Manager (SE) Ramasubramanian.s@sbi.co.in 9442602035

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