e-Kisan Upaj Nidhi

• ‘e-Kisan Upaj Nidhi’ (Digital Gateway) of Warehousing Development and Regulatory Authority (WDRA) was launched recently.
• The ‘e-Kisan Upaj Nidhi’ initiative with the help of technology will ease the farmers’ warehousing logistics and aid the farmers in receiving fair prices for their produce.
• It aims to facilitate farmers in obtaining post-harvest loans from banks against their stocks stored in the WDRA registered warehouses.
  • Warehouses under WDRA are well monitored, highly rated and are equipped with infrastructure that protect the farm produce and lead to farmers’ welfare.
• ‘e-Kisan Upaj Nidhi’ with its no collateral, extra security deposit policy can prevent distress sale by farmers.

About WDRA

• The Warehousing Development and Regulatory Authority (WDRA) was constituted on 26.10.2010 under the Warehousing (Development and Regulation) Act, 2007.
  • The Act provides for the establishment of the WDRA to exercise the powers conferred on it and to perform the functions assigned to it under the Act, Rules and Regulations for the
    • development and regulation of warehouses,
    • negotiability of warehouse receipts and
    • promote orderly growth of the warehousing business in the country.
  • The WDRA is a Statutory Authority under the Department of Food and Public Distribution, Ministry of Consumer Affairs Food and Public Distribution.
  • The Authority consists of a Chairperson and two Members appointed by the Central Government.