Farmers' crops will not be spoiled, know what is the facility of electronic warehouse receipt.

Electronic Warehouse Receipt: Now farmers will get a huge benefit from electronic warehouse receipts. Know how electronic warehouse receipts will work. How will farmers be able to get it?

More than half of the country's population still makes a living through farming and farmers. The government also takes special care of their interests and brings various schemes for the farmers. Which are beneficial for the farmers.

Till now, farmers used to take the crop directly to the market after it was ready. But after a lot of crops come together in the market, its prices fall. And then the farmers have to sell their crop at a low price, due to which they suffer a lot.

But now farmers will not have to sell their crop in a hurry. If they are not getting the right price for their crop. So they can deposit it in the government warehouse. The way potatoes are deposited in cold storage.

Now in such a situation, a question comes in the mind of many farmers. They need money and if they do not sell the crop, then where will they get the money from. So let us tell you that the government has made arrangements for this as well. Farmers will also get a loan without a guarantor on the deposited crop.

Let us tell you that if farmers deposit their crop in the government warehouse of Warehousing Development and Regulatory Authority. Then the farmers are given an electronic warehouse receipt from the warehouse. With which they can also take a loan.

Let us tell you that on the basis of this electronic warehouse receipt, farmers can get a loan of up to 70 percent of the price of their crop from the bank without any guarantor. This will not only provide financial support to the farmers. But their crop will also be saved from getting spoiled.

If we talk about the process for this, then the farmers will have to deposit their crop in a warehouse recognized by the Storage Development and Regulatory Authority. From there the warehouse will issue e-NWR to the farmers. By showing which a loan can be taken from the bank.