Last Updated on 16/07/2021
IOB - Warehouse Receipt Finance


The objective of the scheme is to facilitate appropriate and remunerative price to the farmers / growers and to enable them to get the benefits of improved practices of hygienic storage, pest control management, insurance etc for the farm produce.


All categories of farmers (Loanee as well as non-loanee farmers).


Bank extends financial assistance to farmers for storing farm produces in private/ Government warehouse / cold storages against pledge of warehouse / cold storage receipt to prevent distress sale.


75% of the value of the produce stored in the warehouse.

1. For Individual farmers and members of SHGs/ Joint Liability Groups:

Maximum Finance: Rs. 50 lacs

2. Partnership firms, Corporates & other institutions:

Minimum Finance : Rs. 10 lacs

Maximum Finance: Rs. 50 lacs


25% of the value of the goods.


Pledge of warehouse / Cold storage receipt


The maximum repayment period of the loan is 12 months

Rate of Interest

Varies from Time to time. Presently

Upto Rs. 10 lacs: One year MCLR+0.35%.

Above Rs. 10 lacs upto Rs. 50 Lacs: One year MCLR+0.90%.

For other details, please contact your nearest IOB branch.