Purpose |
To finance against pledge of Warehouse / Cold Storage Receipts. |
Eligibility |
As per the Cent Warehouse Receipt Scheme. |
Nature of facility |
Cash Credit / Demand Loan. |
Quantum of Finance |
*Maximum Rs 75.00Lakh |
Margin |
* 35% on value of Warehouse Receipt/ Market price or 20% of value as per MSP |
Security |
*Primary - |
Interest Rate |
As per prevailing rate of interest |
(for other sectors) |
* For other sectors viz., MSME and Non-Priority Sectors, the rate of interest will be as applicable to that sector. |
Repayment |
* Within 12 months or due date of Warehouse Receipt, whichever is earlier. |