Full Text
REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-20022025-261187
EXTRAORDINARY
PART II-Section 3-Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 742]
NEW DELHI, THURSDAY, FEBRUARY 13, 2025/PAUSHA 24, 1946
MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION
(Department of Food and Public Distribution)
NOTIFICATION
New Delhi the 12th February, 2025
S.O. 746(E).- The Central Government has approved the 'Credit Guarantee scheme for e-NWR based
pledge financing (CGS-NPF) as a Central Sector Scheme for the purpose of providing credit guarantees to loans
extended by Eligible Lending Institutions (ELIs) to finance e-Negotiable Warehouse Receipt (e-NWR) based pledge
loans.
i. The Central Sector Scheme shall be known as the Credit Guarantee scheme for e-NWR based pledge
financing (CGS-NPF)
ii. It shall come into force from the date of notification by the Government of India and shall be valid till FY
2030-31 or such other date as Government of India may decide
iii. New loans sanctioned on or after the date of notification of the scheme with features as under will be eligible
for the coverage under the scheme.
[F. No.3/2023-Stg-II]
ANITA KARN, Jt. Secy.
Annexure
CGS-NPF Scheme Operational Guidelines
The Central Government has approved the 'Credit Guarantee scheme for e-NWR based pledge financing (CGS-
NPF) as a Central Sector Scheme for the purpose of providing credit guarantees to loans extended by Eligible Lending
Institutions (ELIs) to finance e-Negotiable Warehouse Receipt (e-NWR) based pledge loans.
1. Title and date of commencement:
i. The Central Sector Scheme shall be known as the Credit Guarantee scheme for e-NWR based pledge
financing (CGS-NPF)
ii. It shall come into force from the date of notification by the Government of India and shall be valid till FY
2030-31 or such other date as Government of India may decide
iii. New loans sanctioned on or after the date of notification of the scheme with features as under will be eligible
for the coverage under the scheme.
2. Definitions
i. "Pledge Finance" means, for the purpose of this scheme, pledge finance is defined as the credit facility
extended by Eligible Lending Institutions (ELIs) against the e-negotiable warehouse receipts with a valid
lien;
ii. "Amount in Default" means the principal and interest amount outstanding in the account(s) of the borrower
in respect of the loan as on the date of the account becoming overdue or the date of lodging claim
application, whichever is lower. It shall not include penal interest, other charges and any other costs debited
to the borrower's account;
iii. "Guarantee Fee” means the guarantee fee payable by the Eligible Lending Institutions (ELIs) at a specified
rate under the Credit Guarantee Scheme;
iv. "Reference Rate" means, for the purpose of this scheme, the Marginal Cost of Funds Based Lending Rate
(MCLR) declared by ELI for six months' tenor. For Cooperative banks where MLCR is not applicable the
reference rate will be the average lending rate to the targeted segment. However, MC may revise such
reference rate from time to time keeping in view the prevailing interest rate scenario, interest rates of lending
institutions and RBI's Credit Policies;
v. "Fund" means the 'Credit Guarantee Fund' for 'Credit Guarantee scheme for e-NWR based Pledge
Financing (CGS-NPF)'created for the purpose of extending guarantees to the eligible lending institution(s)
against their lending to eligible borrowers;
vi. "Scheme" means the 'Credit Guarantee scheme for e-NWR based Pledge Financing (CGS-NPF)';
vii. "Trust" means the 'Credit Guarantee Fund for e-NWR based pledge financing (CGS-NPF) Trust' which will
house the Credit Guarantee Fund for e-NWR based pledge financing;
viii. "NCGTC” means National Credit Guarantee Trustee Company set up on March 28, 2014 by Government
of India under the Companies Act 1956 to act as the Trustee to operate the Credit Guarantee Funds for
Educational Loans, Skill Development Loans and any other funds to be set up by Government of India from
time to time.
ix. "Eligible Lending Institution” means all scheduled banks mentioned in the Second Schedule of RBI Act,
1934, all cooperative banks and such other institutions as may be included in future, and who have entered
into an agreement with/submitted undertaking to the trust/ trustee for availing the guarantee
x. "Credit Facility” means any loan extended by an Eligible Lending Institution (ELI) to an Eligible
Borrower under this scheme;
xi. “Guarantee Cover” means maximum cover available per eligible borrower of the amount in default in
respect of the credit facility extended by the lending institution;
xii. "Tenure of Guarantee Cover" means the maximum period of Guarantee Cover from the Guarantee
start date which shall run through the agreed tenure of the loan;
xiii. "Non-Performing Asset" means an asset classified as non-performing based guidelines issued by the
Reserve Bank of India from time to time;
xiv. "Year” means Financial Year, beginning Aprill and ending March31;
xv. "Lock-in-period” means the period during which no invocation of guarantee can be made. A lock-in-period
of 1 month has been stipulated from either the date of disbursement of the loan to the borrower or the
guarantee start date in respect of credit facility to the borrower, whichever is later;
xvi. "Guarantee start date” means the date on which the guarantee fee is received by the Trust from the eligible
lending institution;
xvii. "Warehouseman” means the warehouseman as defined in the W (D&R) Act, 2007;
xviii. "Warehouseman risk” means the risk arising out of the operations of warehouseman and causing loss to
ELI on the loans extended by them. This risk includes but not limited to misappropriation of goods, loss of
goods on account of quality and quantity, etc. However, risk arising out of connivance of warehouseman and
ELI and connivance of Depositor and ELI is not included;
CHAPTER II
SCOPE AND EXTENT OF THE SCHEME
3. Scope of the Scheme:
i. This scheme covers the pledge loans extended on the e-NWRs issued against agricultural and horticultural
commodities.
ii. Subject to the other provisions of the Scheme, the Trustee undertakes, in relation to loans against e-NWRs
extended to an eligible borrower by an ELI which has entered into the necessary agreement for this purpose
with the Trustee, to provide guarantee against default in repayment of loans extended by the ELI.
iii. Scheme covers the loss incurred by the bank due to credit and warehouseman risk. The Management
Committee can revise the definition of warehouseman risk from time to time.
iv. Trustee reserves the right to accept or reject any proposal referred to it by an ELI, which otherwise satisfies
the norms of the Scheme, for any lawful reason.
4. Corpus of CGS-NPF
The Credit Guarantee Scheme for e-NWR based Pledge Financing (CGS-NPF) is recommended as a Central
Sectors Scheme to be implemented by Department of Food and Public Distribution (DFPD) from 2024-25 till
end of 16th Finance Commission cycle i.e. till 2030-31 with the corpus of Rs 1000 crore.
5. Governance
The Credit Guarantee Fund shall be housed in the Trust. GoI shall be the settlor of this Trust. The Settlor shall appoint
NCGTC as Trustee and the Trustee shall manage the Trust in accordance with the Guidelines and the Scheme.
6. Management Committee(MC)
i. Management Committee (MC), constituted by Government of India, shall be responsible for reviewing the
performance of the Scheme and providing necessary guidance to Trustee for implementation of the Scheme.
ii. The composition of the Management Committee (MC) will be:
a) Chairperson, WDRA- Chairperson
b) Shri Manoj Muttahil Ayyappan, Joint Secretary, Department of Financial Services-Member
c) Shri Siddarth Jain, Joint Secretary(CTP), Ministry of Cooperation-Member
d) Joint Secretary, Department of food and public distribution – Member
e) Shri Gopal Murli Bhagat, Deputy Chief Executive, IBA-Member
f) Dr K S Mahesh, CGM, NABARD- Member
g) Ms. Aruna Seth, Domain Expert -Member
h) Chief Executive Officer (CEO), Trustee Company, (NCGTC), Member Secretary
iii. A member appointed as above in his/her ex-officio capacity shall remain as a member only as long as he/she
holds that office and upon his/her vacating that office, his/her successor shall become a member without any
further act or deed.
iv. The Gol, may, if required, change the constitution of the Management Committee (MC) by incorporating a
new corporate entity or otherwise and till such time the existing members of the MC will continue.
v. The member of the Committee shall be resident of India.
vi. The office of the member shall be vacated if he permanently leaves India or if for reasons of illness of
infirmity or mental in capacity, he in the opinion of the Gol, becomes incompetent or incapable to act as a
Member.
vii. The MC shall meet at least once in every quarter.
viii. Role/Functions:
a) Revision of Scheme guidelines related non-financial matters as per the future needs after consulting all
stakeholders including WDRA and GoI.
b) Approval of the operational guidelines for credit guarantee operations on rule based engine with respect to
lending institutions registration, issuance of credit guarantee, claim, claim settlement and post claim settlement
activities.
c) Approval of investment policy of the Trust.
d) MC shall specify the criteria for lending institutions to become eligible under this scheme.
e) MC shall make provision to encourage/disincentivize lending institutions with low/high claim ratio from the
credit guarantee fund.
f) MC shall have the power to extend the scheme to other Financial Institutions.
7. Eligible credit facility under the Scheme
Credit facilities satisfying the following criteria shall be eligible for coverage under Credit Guarantee
Scheme:
i. Loans extended by ELI to eligible borrowers against e-NWRs under Agriculture credit as per RBI Master
Directions on Priority Sector Lending subject to a maximum amount of Rs. 75 Lakhs.
ii. Loans extended by ELI to eligible borrowers against e-NWRs to MSMEs as per RBI Master Directions on
Priority Sector Lending and to farmers including SMF, FPOs and other farmer cooperatives, subject to a
maximum amount of Rs. 200 Lakhs.
iii. Interest Rate: The Interest Rate charged by the Eligible Lending Institutions for loans against e-NWRs to be
covered under CGS-NPF should be maximum up to 3% p.a. over and above the MCLR where it is
applicable. For cooperative banks where Marginal Cost Lending Rate (MCLR) is not applicable, the rate of
interest may be capped at 1% below the average lending rate to the targeted segment. However, the
Management Committee (MC) may revise such ceiling from time to time keeping in view the prevailing
interest rate scenario, reference rates of lending institutions and RBI's Credit Policies.
iv. ELI shall not take any collateral other than the goods mentioned in the e-NWR.
8. Non-Eligibility of Credit Facilities under the Scheme
The Guarantee Cover under the Scheme shall not be made available for credit facility:
i. In respect of which risks are additionally covered under any scheme operated/administered by Reserve Bank
of India/or by the Government/or by any general insurer or any other person or association of persons
carrying on the business of insurance, guarantee or indemnity.
ii. which does not conform to, or is in any way inconsistent with, the provisions of any law, or with any
directives or instructions issued by the Gol or the Reserve Bank of India.
iii. that is overdue for repayment and taken over by ELI from any other lender or any other default converted
into a credit facility.
iv. which has been rescheduled or restructured on becoming overdue for repayment.
9. Credit Guarantee Cover and its period
i. The loan limits for Credit Guarantee cover shall be as follows:-
+--------------------------+---------------------------------------------+--------------------------+
| Loan Limit | Small and Marginal Farmer (SMF)/ | Other Borrowers/Beneficiaries|
| | Women/SC/ST/PwD Farmers | |
+==========================+=============================================+==========================+
| Upto Rs. 3 Lakhs | 85% | |
+--------------------------+---------------------------------------------+--------------------------+
| Above Rs. 3 Lakhs | 80% | |
| and up to Rs. 75 Lakhs | | |
+--------------------------+---------------------------------------------+--------------------------+
| Above Rs. 75 Lakhs and up| NA | 75% |
| to Rs. 2 Crores | | |
+--------------------------+---------------------------------------------+--------------------------+
ii. The guarantee cover will be applicable on the amount in default and commence from the date of payment of
GF and shall run through the agreed tenure of the loan.
iii. The Cover shall only be granted after the ELI enters into an Agreement with the Trust/Trustee (on behalf of
Trust) for availment of credit guarantee under the Scheme and shall be granted or delivered in accordance
with the Terms and Conditions decided upon by the Trust, from time to time.
CHAPTER III
GUARANTEE FEE STRUCTURE
10. Guarantee Fee
i. Guarantee Fee shall be paid to the Trust by the ELI latest by the 7th day of each month for the loan amount
outstanding on the closing day of the previous month.
ii. Guarantee Fee (GF) shall be charged as per the below table.
+----------------------+----------------------+
| All Farmers | Non farmer Borrowers |
+======================+======================+
| 0.40% per annum | 1% per annum |
+----------------------+----------------------+
Management Committee may introduce institutional risk based guarantee fee in addition to GF.
iii. The guarantee fee once paid by the lending institution is non-refundable, except under certain circumstances
like:
a. Excess remittance
b. Remittance made more than once against the same credit facility,
с. Guarantee Fee not due.
d. Guarantee fee paid in advance but application not approved for guarantee cover under the scheme,
etc.
iv. There shall be no refund of proportionate GF in case of pre-closure of account.
11. Responsibilities of Lending Institutions under the Scheme
ELI shall:
i. Appraise each loan proposal as per the RBI guidelines and Board approved loan policy of the ELI (amended
from time to time) and submit the Guarantee Application in the form and manner desired by the Trust.
ii. Carry out processing, legal work and documentation for sanction of the loan in accordance with the
requirements of the ELI and the terms and conditions of the Scheme.
iii. Monitor the Borrower account and maintain records of periodical monitoring and actions initiated on
observations, if any.
iv. Undertake regular desk and/or field monitoring of the borrowing units.
v. Ensure that the Guarantee Claim in respect of the credit facility to the Borrower is lodged, in the form and
manner and within such time as may be specified by the Scheme.
vi. The payment of Guarantee Claim by the Trust to the lending institution does not in any way absolve the
lending institution of the responsibility of recovering the entire outstanding amount of the credit from the
borrower. The ELI shall exercise all necessary precautions and take recourse to all reasonable measure
including disposal of pledged stock to recover from the borrower the entire amount of credit facility that is
owed to it by the borrower and safeguarding the interest of the Trust as it shall exercise in the normal course
if no guarantee had been furnished by the Trust.
vii. Be bound to comply with such directions as the Trust may deem fit to issue from time to time, for facilitating
recoveries of the guaranteed account, or safeguarding its interest as a guarantor.
viii. Refrain from any act either before or subsequent to invocation of guarantee, which may adversely affect the
interest of the Trust as the guarantor.
ix. Intimate the Trust while entering into any compromise or arrangement, which may have effect of discharge
or waiver of personal guarantee(s) or security.
x. Secure for Trust or its appointed agency, through a stipulation in an Agreement with the Borrower or
otherwise, the right to list the defaulted Borrowers' names and particulars on the Website of Trust or
Integrated Portal.
12. Monitoring by Trustee
Trustee shall be authorized to call for any reports from ELI, if it deems fit.
CHAPTER IV
CLAIMS
13. Invocation of Guarantee
The ELI may invoke the guarantee in respect of credit facility after a minimum period of 90 days from the date of
default or any other period decided by the trust. The Guarantee could be invoked after following conditions are
satisfied:
i. The amount due and payable to the ELI in respect of the Credit Facility has not been paid by the Borrower
and the loan account has been classified by ELI as default. Provided that the ELI shall not make or be entitled
to make any claim on the Trust in respect of the said credit facility, if the loss in respect of the said credit
facility had occurred owing to actions/decisions taken contrary to or in contravention of the instructions
issued by the Trust or non-compliance of the provisions of this scheme.
ii. The Guarantee in respect of the concerned Credit Facility is in force at the time of default.
iii. Lock-in-period of 1 month has lapsed.
iv. The claim is forwarded to the Trust through ELI's Controlling Office or as decided by MC.
v. The ELI shall exercise all necessary precautions and take recourse to all reasonable measures including
disposal of pledged stock to recover the entire amount of credit facility from the borrower as per its Board
approved policy before submitting the claim.
vi. Credit facility has been recalled and the recovery proceedings have been initiated as per ELI's board
approved policy.
14. Claim Settlement
i. The Trust reserves the right to reject any Claim where the Guidelines have not been strictly followed or if
any misrepresentation or concealment of facts is found leading to undue favour to the concerned borrower.
ii. Claim settlement shall be in two installments/phases as under:
+---------+---------------+--------------------------+--------------------------+
| Sr. no. | Eligible claim | 1st installment of claim | 2nd installment of claim |
+=========+===============+==========================+==========================+
| a. | Upto Rs. 75 Lakhs | 75% | 25% |
+---------+---------------+--------------------------+--------------------------+
| b. | Above Rs. 75 | 60% | 40% |
| | Lakhs and upto| | |
| | Rs. 2 crore | | |
+---------+---------------+--------------------------+--------------------------+
iii. The requirement for first instalment of claim settlement shall be invocation of Guarantee by the ELI as per
criteria laid down under Clause 13.
iv. Trust shall settle the first instalment of claim within 90 days from the date of lodgment of 1st claim, subject
to the claim found to be in order and complete in all respects.
v. The requirements for second instalment of claim settlement shall be receipt of request for release of 2nd
claim by ELI.
vi. For second installment of claims above Rs. 75 Lakhs, audit of the claim by statutory auditor shall be
required.
vii. The second Instalment of the claim shall be lodged with the Trustee on conclusion of recovery proceedings
by the ELI or after one year of obtention of decree of recovery, whichever is earlier.
viii. Trustee shall settle the second claim within 90 days from the date of lodgement of 2nd claim, subject to the
claim found to be in order and complete in all respects.
ix. The ELI shall continue to make efforts to realize the balance amount due from the defaulting borrower even
after settlement of the Guarantee.
x. Once the Claim is paid, the Trust shall be deemed to have been discharged from all its liabilities on account
of the Guarantee in force in respect of the Credit Facility concerned.
15. Subrogation of Rights and Recoveries on Account of Claims Paid
i. Details of efforts for recovery, realization and such other information as may be demanded by the Trust from
time to time shall be furnished to the Trust by the ELI.
ii. On its own behalf and on behalf of the Trust, the ELI shall hold lien on securities extended by the Borrower
to the ELI for credit facility covered under the Scheme.
iii. The responsibility for the recovery of dues, including takeover of assets, sale of assets, etc., shall rest with the
ELI.
iv. The Trust shall have second charge on the surplus amount received during recovery proceedings by ELI in
respect of any one or more of several distinct and separate debts owed by the borrower to the ELI. ELI shall
appropriate such amounts of surplus realization to the Trust.
CHAPTER V
MISCELLANEOUS
16. Appropriation of amount received from the lending institutions
The amount received from the lending institutions shall be appropriated in the order in which the Guarantee Fee,
penal interest and other charges have fallen due. If the Guarantee Fee and the penal interest have fallen due on the
same date, then the appropriation shall be made first towards Guarantee Fee and then towards the penal interest and
finally towards any other charges payable in respect of the eligible credit facility.
17. Residual Recovery /Appropriation of amount realized by the lending institution in respect of a credit
facility after the guarantee has been invoked
In case of any recovery made by the ELI from the borrower subsequent to release of 1st claim by the Trust,
proportionate share of Trust in such recoveries (after adjustment of the legal costs incurred by ELI for
recovery of the amount) shall be passed on by ELI to the Trust. Such amounts shall be passed on to the Trust
on Quarterly basis within 30 days of the end of the Quarter in which the recoveries were made. If any amount
due to the Trust remains unpaid beyond the said period, penal interest shall be payable to the Trust by the
lending institution at the rate of 10% p.a. or any rate as specified by the Gol, from time to time, for the period
of delay.
18. Refund of Claim
i. The ELI shall be liable to refund the Claim released by the Trust together with the penal interest at a rate of
10% p.a. or as specified by the GoI, from time to time, for the period for which the Claim has been released,
if recalled by the Trust in the event of:
a) serious deficiencies having existed in the matter of appraisal/follow up/conduct of credit facility or
b) where lodgment of claim was more than once or
c) where there existed suppression of any material information on part of lending Institution for settlement of
claim or
d) where the claim settlement is subsequently revised/ rejected by MC.
ii. Erroneous/duplicate payment of claim made by the Trust shall not be construed as recall.
19. Termination of Trust's Liability in Certain Cases
i. The Guarantee in respect of the Credit Facility extended by an ELI to a Borrower under the Scheme shall be
deemed to be terminated, if the liabilities of a borrower to the lending institution on account of any eligible
Credit Facility guaranteed under this Scheme are transferred or assigned to any other borrower without the
consent of the Trust which shall be sought by the ELI or the Borrower in writing stating the reasons for the
transfer/ assignment and if the conditions as to the eligibility of the borrower and the amount of the facility
and any other terms and conditions, if any, subject to which the credit facility can be guaranteed under the
Scheme are not satisfied after the said transfer or assignment, from the date of the said transfer or assignment.
ii. The liability of the Trust in respect of any credit facilities granted to a borrower by an ELI under the Scheme
shall be limited to the liability of the borrower to the ELI as on the date on which the borrower becomes
ineligible for being granted any credit facilities under the Scheme, by reason of cessation of its activity,
subject to the limits on the liability of the Trust fixed under this Scheme.
20. Returns and Inspections
i. The ELI shall submit such statements and furnish such information as the Trust may require in connection
with any credit facility under this Scheme. The ELI shall also furnish to the Trust all such documents,
receipts, certificates and other writings as the later may require and shall be deemed to have affirmed that the
contents of such documents, receipts, certificates and other writings are true, provided that no claim shall be
rejected and no liability shall attach to the ELI or any officer thereof for anything done in good faith.
ii. The Trust shall, insofar as it may be necessary for the purposes of the Scheme, have the right to inspect or
call for copies of the books of account and other records (including any book of instructions or manual or
circulars covering general instructions regarding conduct of advances) of the ELI, and of any borrower from
the ELI. Such inspection may be carried out either through the Trust or any other person /agency appointed
by the Trust for the purpose of inspection. Every officer or other employee of the ELI or the borrower, who is
in a position to do so, shall make available to the Trust or the person/agency appointed for the inspection as
the case may be, the books of account and other records and information which are in his possession.
21. General
i. The terms & conditions of the Scheme shall be binding on the ELI.
ii. Any Guarantee given by the Trust shall be circumscribed by & governed by the provisions of the Scheme and
terms and conditions laid down by the Trust as if the same had been written in the documents evidencing
such Guarantee.
iii. An ELI that seeks and is granted Guarantee Cover for an eligible Credit Facility to a Borrower under the
Scheme shall be deemed to have understood and accepted the Terms and Conditions of the Scheme and other
Terms and Conditions of the Trust in this regard as being legally binding on itself.
iv. The ELI shall as far as possible, ensure that the conditions of any contract relating to an account guaranteed
under the Scheme are not in conflict with the provisions of the Scheme.
v. Notwithstanding any provision in any other document or contract entered into by the ELI, the provisions /
conditions of the Scheme shall override all such other provisions as if this conditionality had been written in
the relevant document/contract and shall in relation to the Trust be, bound by the conditions imposed under
the Scheme.
22. Audit of the Fund:
The Trustee shall have the Fund audited annually by a statutory Auditor empaneled by CAG. The audited
annual accounts shall be submitted to DFPD by 31st July every year.
23. Modifications and Exemptions
i. The MC reserves the right to modify, cancel or replace the Scheme guidelines related to non-financial
matters in any manner whatsoever that it deems necessary, however so ensuring that the rights or obligations
arising out of, or accruing under a guarantee issued under the scheme up to the date on which such
modification, cancellation or replacement comes into effect, shall not be affected. Changes in all financial
matters shall be referred to Gol.
ii. Notwithstanding anything contained herein, the MC shall have the right to alter the Terms and Conditions of
the Scheme related to non-financial matters with regard to an Account in respect of which Guarantee has not
been invoked as on the date of such alteration. Change in all financial matters shall be referred to Gol.
iii. In the event of the Scheme being cancelled, no claim shall lie against the Trust in respect of facilities covered
by the Scheme, unless the provisions contained in the Scheme are complied with by the ELI prior to the date
on which the cancellation comes into force.
iv. DFPD shall take steps to minimize the incidents of frauds faced by banks while financing e-NWR.
24. Interpretation
The decision of the MC shall be final in regard to the interpretation of any of the provisions of the Scheme or
of any directions or instructions or clarifications given in connection therewith.
25. Supplementary and General Provisions
In respect of any matter not specifically provided for in this Scheme, the Trust may make such supplementary
or additional provisions or issue such instructions or clarifications as may be necessary for the purpose of the
Scheme and the ELI shall comply with the same.
26. Arbitration
Disputes, if any, arising out of the Agreement shall be resolved through mutual consultation, failing which
the Arbitration by a sole Arbitrator chosen by the concerned ELI and Trust in accordance with the provisions
of the Arbitration and Conciliation Act, 1996 and its upto date amendment shall be resorted to. The venue of
the Arbitration shall be at Mumbai.
*****
APPENDIX
LIST OF ABBREVIATIONS
Abbreviations Definitions
CEO Chief Executive Officer
CMS Collateral Management System
CGS-NPF Credit Guarantee Scheme for e-NWR based Pledge Financing
DFPD Department of Food & Public Distribution
ELI Eligible Lending Institutions
e-NWR Electronic Negotiable Warehouse Receipts
GF Guarantee Fee
GoI Government of India
IA Implementing Agency
IBA Indian Banks' Association
MC Management Committee
MSMES Micro Small Medium Enterprises
NA Not Applicable
NABARD National Bank for Agriculture and Rural Development
NWR Negotiable Warehouse Receipts
PwD Person with Disabilities
RBI Reserve Bank of India
SC Scheduled Caste
SMF Small and Marginal Farmers
ST Scheduled Tribe
WDRA Warehousing Development Regulatory Authority
W(D&R)Act Warehousing (Development & Regulation) Act