NABARD initiative for storage warehouse

National Bank for Agriculture and Rural Development (NABARD) offers incentive to Bank for Warehouse Loans.

Bank can avail loan at 8% p.a. for refinance in Warehouse.
Bank paying loan on schedule will get 1.5% rebate loan payment.
The scheme has been conceptualized out of Rs. 2000 crore dedicated fund in Union Budget 2011-12.
This will create 9 million tonne of additional storage capacity.
All Kisan Credit Card holders can avail loan at 7% p.a. interest rate for stored for maximum of 6 months post-harvest.
Warehouse established by farmers must be accredited to Warehouse Development and Regulation Authority (WDRA) to be eligible for loan.

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