1. WAREHOUSE RECEIPT financing scheme
SBI
WAREHOUSE RECEIPT financing scheme

2. 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)

3. 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

4. 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

5. Contact Persons at SBI Name of Official Designation Email ID
Mobile Number
Mr.Ram Anand
Relationship Manager (ME)
Mr.Ramasubramanian.S
Relationship Manager (SE)

6. THANK YOU