Warehousing Authority and Punjab & Sind Bank partner for Low-Interest Farmer Loans

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Warehousing Authority partners with Punjab & Sind Bank to offer low-interest loans for farmers – Indian Bureaucracy news update
Warehousing Authority partners with Punjab & Sind Bank to offer low-interest loans for farmers – Indian Bureaucracy news update

To facilitate farmers and traders with low-interest rate loans, the Warehousing Development Regulatory Authority (WDRA) has signed a Memorandum of Understanding (MoU) with Punjab & Sind Bank (PSB).

The MoU was exchanged between Shri T K Manoj Kumar- Chairperson, WDRA and Shri Swarup Kumar Saha – MD & CEO, PSB at the head office of PSB. The event was attended by Dr. Ram Jass Yadav – Executive Directors, PSB , Shri Ravi Mehra – Executive Directors, PSB, Shri Naveen Barolia – Dy. Director (M&C), Shri Sai Pradeep Gopisetty – Asst. Director (SA&O), WDRA.

The MoU was signed with the aim of promoting awareness and funding against electronic Negotiable Warehouse Receipts (e-NWRs). Its objective is to provide information to depositors about the benefits and conduct outreach activities to enhance agricultural pledge finance in India.

PSB is offering loans against e-NWRs with no collateral and attractive interest rates. Loans up to Rs. 75 lakh are extended for the agriculture sector, and for other category borrowers, loans up to Rs. 5 crores are available.

During the event, WDRA presented on the significance of post-harvest pledge financing using electronic Negotiable Warehouse Receipts (e-NWRs) to improve rural credit. The bank representatives highlighted the challenges faced by lending institutions in this sector. WDRA assured full regulatory support to enhance fiduciary trust among stakeholders.

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Saurabh
Saurabh
Saurabh Sinha, Editor of IndianBureaucracy.com, is known for his credible, precise and insightful coverage of governance, civil services and administrative developments in India. Under his leadership, the portal has grown into a trusted national platform for accurate updates, appointments and policy movements within the bureaucratic ecosystem. Saurabh’s strong professional networking and deep understanding of government functioning enable him to present timely, reliable and well-contextualised information to readers across sectors. As a thought-driven editor, he promotes informed dialogue on governance reforms while maintaining high editorial standards. His calm, consistent and detail-oriented approach continues to strengthen the portal’s reputation. इंडियनब्यूरोक्रेसी.कॉम के संपादक सौरभ सिन्हा देश की नौकरशाही, शासन व्यवस्था और प्रशासनिक गतिविधियों की विश्वसनीय तथा संतुलित रिपोर्टिंग के लिए जाने जाते हैं। उनके नेतृत्व में यह पोर्टल नियुक्तियों, नीतिगत बदलावों और प्रशासनिक खबरों का एक भरोसेमंद राष्ट्रीय स्रोत बन चुका है। शासन तंत्र की गहरी समझ और मजबूत पेशेवर नेटवर्क के कारण सौरभ पाठकों को समयबद्ध, सटीक और संदर्भित जानकारी प्रदान करते हैं। एक विचारशील संपादक के रूप में वे सुशासन, पारदर्शिता और सुधारों पर सकारात्मक संवाद को बढ़ावा देते हैं। उनकी शांत, सूक्ष्म और पेशेवर संपादकीय शैली पोर्टल की प्रतिष्ठा को लगातार मजबूत कर रही है।
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