NBHC signs MoU with Punjab and Sind Bank

Mumbai, Jan 25 (PTI) National Bulk HandlingCorporation Ltd (NBHC), India''s leading integratedagri-commodity and collateral management company todayannounced signing of a Memorandum of Understanding (MoU)withPunjab and Sind Bank, for warehouse-based receipt financing.

NBHC is associated with 33 leading banks forcollateral management. Through this network it has facilitatedfunding and benefited over 60,000 small and medium farmersthrough warehouse receipt financing (WRF). Over Rs 16,000crore have been disbursed through NBHC''s collateral managementsupport to borrowers.

"With a view to increase Direct Agriculture advancesagainst pledge of warehouse receipts and provide creditsupport to farmers, Punjab