Punjab National Bank, nation’s leading public sector bank and Warehousing Development & Regulatory Authority (WDRA) have entered into a Memorandum of Understanding on 13.03.2023 to promote financing against e-NWR (Electronic Negotiable Warehousing Receipt).
The partnership is aimed to provide information to farmers/ depositors of agriculture produce about the benefits of e-NWR besides doing further outreach activities to improve agricultural pledge finance in India.
The e-NWR financing is being envisaged to be a game changer in shaping the rural economy by preventing distress sale by farmers and helping them in realising better price for their produce.
The MoU was signed in the presence of Sh. Atul Kumar Goel, Managing Director and CEO of Punjab National Bank and Sh. T. K. Manoj Kumar, IAS Retd, Chairperson WDRA.
