The short answer
Warehouses can register with the Warehousing Development and Regulatory Authority (WDRA) under the Warehousing (Development and Regulation) Act, 2007 to issue electronic negotiable warehouse receipts, which depositors can use to obtain bank loans. Registration requires accreditation of the warehouse, adequate net worth, security deposit, insurance and trained staff.
LawWarehousing (Development and Regulation) Act, 2007
AuthorityWDRA
Outpute-NWR issuance
Benefits
- Issue e-NWRs for pledge finance
- Credibility with depositors
- Access to commodity markets
Requirements
- Accredited warehouse structure
- Net worth and security deposit
- Insurance and staff
Process
- Accreditation by agency.
- Apply online to WDRA.
- Inspection.
- Registration.
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Get expert help →Compliance
Stock records, inspections and renewal.
Frequently asked questions
Is WDRA registration mandatory?
Voluntary, but needed to issue negotiable warehouse receipts.
Can cold storages register?
Yes, subject to norms.
Is FSSAI licence needed for food warehouses?
Yes, food storage needs FSSAI.
Validity?
As specified, typically a few years.
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