NCML, the collateral services provider has signed an MoU with the State Bank of India to provide financing facility to the farmers against warehouse receipts of their produce.

Sanjay Kaul, the MD & CEO of National Collateral Management Services Ltd (NCML) said that the tie up with SBI will be helping farmers to have maximum reach with the bank to avail short-term finance against the warehouse receipts.

He further said that the arrangement with SBI will provide an extended opportunity to finance against warehouse receipts issued by small-sized godowns of private licensed warehouses built under ‘Gramin Bhandaran Yojana’ of NABARD across the country.

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