New Delhi, Sep 29 (PTI) Warehousing Development Regulatory Authority (WDRA) on Friday signed an MoU with Bank of India to fund against e-NWRs (electronic negotiable warehouse receipts).

In an official statement, WDRA signed a memorandum of understanding (MoU) with Bank of India to facilitate farmers and traders in providing low-interest rate loans.

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"The MoU was signed with the intent of promoting awareness to fund against e-NWRs," the statement said.

The agreement also aims to provide information to depositors about the benefits, besides doing further outreach activities to improve agricultural pledge finance in India.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)