NCT: Minister of Consumer Affairs, Food and Public Distribution, Prof. K.V.Thomas launched the Negotiable Warehouse Receipt System (NWRs) here today. Henceforth, farmers can seek the loan from banks against the warehouse receipts issued to them against their storage. These receipts issued by the warehouses registered with the Warehousing Development and Regulatory Authority (WDRA) would become a fully negotiable instrument backed by a Central legislation. The WDRA was setup by the Government in October 2010 to regulate and development of warehouses in the country.
