NCMCL offers repository function under the scope of CMC Regulations. Under the Electronic Warehouse Receipt (EWR) Regime, the process will allow pledging directly on the Repository System.
Banks and other financial institutions accept warehouse receipt as collateral and offer cash financing to the farmers after retaining a certain margin. This enables the farmers to meet their immediate liquidity needs & alleviates the phenomenon of distress selling.
As technological advancements change the business ecosystem, most countries are now adopting EWR to ascend growing financially and developing the agriculture sector. Pakistan has also stepped forward with Naymat by adopting the concept of EWR to build the confidence of farmers and expand further.
The process begins with opening an account with NCMCL’s EWR system. After detailed inquiry and investigation, the account holder would be able to deposit their respective produce and receive a EWR receipt under their account number. All standard of quality assurance will be undertaken as prescribed under CMC Regulations.