Union Commerce; Food and Public Distribution Minister Piyush Goyal has requested Warehousing Development and Regulatory Authority to allow farmers to register free of cost for using godowns in the cooperative space.
The main objective of WDRA is to implement Negotiable Warehouse Receipt (NWR) system in the country that would help farmers to store their produce in scientific storage godowns near their farms and to seek loans from banks against their NWR.
To facilitate farmers in getting loans at low-interest rates, Warehousing Development Regulatory Authority (WDRA) has signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI).