National E-Repository Limited (NERL) provides platform for electronic Negotiable Warehouse Receipt (eNWR) generation for commodities in electronic form. It aims at ensuring the safety and soundness of electronic Negotiable Warehouse Receipts (eNWR) by developing solutions that increase efficiency, minimize risk and reduce costs. Its shareholders include NABARD, NCDEX, ICICI Bank and State Bank of India.
COOP BANKS AS PLEDGEE
NERL has recently signed an agreement with 3 district banks - Erode, Namakkal and Salem - as pledgee to disburse loans against eNWR. Each DCCB will also take on account maintenance responsibilities as a Repository Participant. The main focus of these banks will be to provide finance against eNWR to small and marginal farmers. This is a first of its kind pan India initiative of NERL, which will soon cover over 260 PACS' warehouses.
Kedar Deshpande, MD & CEO, NERL, explains the whole exercise. "DCCB - PACS and eNWR will bring change to the existing warehouse receipt finance ecosystem for small and marginal farmers. This is a great opportunity for NERL to help these farmers gain maximum benefits from the WDRA-eNWR ecosystem. It will also improve warehouse receipt finance and trade in PACS owned warehouses, further helping to transform PACS' warehouse into a marketplace."
6800 ACCOUNTS, 48 BANKS
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Finance gears up for festivities
BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:
Non-cash transactions can touch a phenomenal level by 2028
Capgemini Research Institute’s World Payments Report 2025 highlights the era of account-to-account an instant payments:
The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer
In an increasingly interconnected world, safeguarding our digital assets has become paramount. Enter the dynamic duo: Cyber security and Artificial Intelligence (AI).
A new trinity in digital lending space
Three platforms in the lending space are poised to change the way lenders offer credit and borrowers access funds in India:
Finance gears up for festivities
BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:
Small MFI, International Engagements
Mitrata Inclusive Financial Services in the midst of transformation growth
MFIs: Big Impact Big Changes,
Even as MFIs are fueling economic growth for the underprivileged, what is interesting is that they are transforming themselves in areas like HR, technology, funding, leadership, collections, and more. Banking Frontiers presents the initiatives and initiatives at 9 such organizations:
Climate Risk Forum for CROS
Excerpts from a discussion on shaping the future of climate change resilience in India:
Seamless Supply Chain Finance
Deep insights emerge from this fireside chat at NBFC's Tomorrow Conclave.
Star Health sees strong demand from the IT sector
Biju Menon, Chief Business Officer at Star Health Insurance, looks at the evolution of employee health insurance from multiple perspectives:
