Role of Warehouse Receipt Finance in Augmentation of Economic Growth of Rural India

The impact of warehouse receipt finance on the economic growth of rural India

Abstract

The Paper describes the current status of agriculture warehousing in the country. It points to the need to develop the Warehousing (Development Regulation) Act, 2007 and the introduction of negotiable warehousing receipts. The Paper describes the various PPP initiatives taken by the Central Government to develop modern warehousing infrastructure under the National Policy on Handling, Transportation and Storage of Food grains 2000, as well as under the Private Entrepreneurs Godown Scheme, 2008. The Paper concludes that with these initiatives there would be rapid growth of warehousing infrastructure in the country.