Union Minister of Consumer Affairs, Food and Public Distribution Shri Ram Vilas Paswan has launched the Web Portal of Warehousing Development and Regulatory Authority (WDRA) & “Electronic Negotiable Warehouse Receipt (e-NWR) System” in New Delhi.
- These initiatives taken by the WDRA in simplifying Warehouse Registration Rules, digitizing entire process of registration, monitoring and surveillance as well as creation and management of NWRs in electronic form through two repositories
- e-NWR will have no chances of any tempering, mutilation, fudging, loss or damage and also no possibility of any multiple financing for this reason these NWRs will facilitate an easy pledge financing by banks and other financial institutions
- It also help smooth trading on various trading centres like commodity exchanges, electronic National Agriculture Markets (e-NAM) and other electronic platforms.
- The initiatives would revolutionise the marketing of agricultural commodities and help farmers realize better price for their produce which will be a step towards doubling the farmers’ income by 2022.
