Negotiable Warehouse Receipt
About
- The Negotiable Warehouse Receipt (NWR) system in the country enables farmers to store their produce for safe and scientific storage and preservation in warehouses near their farms and to seek pledge loans from banks against the NWRs issued against deposit of their stock.
- Hence, the NWR helps the farmers to avoid distress sales of agricultural produce during the peak marketing season and to avoid the post harvest storage loss.
- Warehousing Development and Regulatory Authority (WDRA), a statutory body, ensures implementation of the NWR as per the provisions of the Warehousing (Development & Regulation) Act, 2007.
- Electronic Negotiable Warehouse Receipt (eNWR) is a digital warehousing receipt issued by registered warehouses regulated and governed by WDRA. The eNWR was launched in 2018.
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