National e-Repository Limited (NeRL), an NCDEX group company and a WDRA-regulated entity, has successfully facilitated over ₹10,000 crore in pledge finance against electronic Negotiable Warehouse Receipts (eNWR). This milestone was announced at the Roundtable on Leveraging eNWR for Sustainable Pledge Financing held today at the India International Centre, New Delhi. The event brought together key policymakers, banking leaders, and industry stakeholders to discuss the transformative potential of eNWR in modernizing pledge financing.
Event Highlights
The roundtable opened with a Welcome Address by Mr. Saurabh Khanna, MD & CEO, NeRL, followed by a context-setting session by Mr. Arun Raste, MD. & CEO, NCDEX. The Inaugural Address was delivered by the Chief Guest, Ms. Anita Praveen, Chairperson, WDRA. Dr. Ajay Kumar Sood, DMD, NABARD, delivered the Keynote Address, underscoring the role of eNWR in improving credit access for farmers and agribusinesses.
Mr. Siraj Hussain, Chairman, NeRL, reflected on the success of the roundtable discussion, emphasizing its focused and participative nature. He expressed gratitude to all participants for their active involvement in the deliberations. Referencing the Economic Survey, he highlighted the Chief Economic Advisor's call for "light regulation" and suggested that this principle should extend to areas like warehouse receipts.
Mr. Saurabh Khanna, MD & CEO, NeRL talked about the regulatory advancements that support the growth of eNWR in the pledge finance landscape. He further emphasized, “The widespread adoption of eNWR is crucial for strengthening India's agricultural financing landscape. At NeRL, we are committed to ensuring a secure, transparent, and well-regulated ecosystem that enhances financial inclusion and provides depositors with better access to post-harvest credit. By expanding warehouse accreditation, promoting mandatory eNWR issuance, and fostering collaboration with financial institutions, we aim to drive sustainable pledge financing and unlock new growth opportunities for all stakeholders in the commodity value chain.”
The roundtable featured two high-impact panel discussions:
Policy to Practice: eNWR in Pledge Financing – Moderated by Dr. B.B. Pattanaik, Director, NeRL, this session explored policy frameworks and practical challenges in scaling eNWR-based financing. Key panellists included Ms Priya Jacob, Director, Storage & Logistics, Department of Food and Public Distribution, Mr S.K. Singh, Deputy Agricultural Marketing Advisor, Directorate of Marketing & Inspection among others.
Creating Impactful Financing Solutions with eNWR – Moderated by Mr. Saurabh Khanna, MD & CEO, NeRL, this discussion featured leaders from State Bank of India, Punjab National Bank, HDFC Bank, ICICI Bank, and Axis Bank, who highlighted the evolving role of financial institutions in expanding credit access through eNWR.
A Special Address on the Credit Guarantee Scheme by Mr. Durgesh Pandey, CEO, National Credit Guarantee Trustee Company, shed light on risk mitigation strategies to encourage greater participation from financial institutions.
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