WAREHOUSE INFRASTRUCTURE FUND (WIF) 2014-15

Consequent upon the announcement of an allocation of ` 5000 crore to NABARD in

the budget for 2014-15, for supporting creation of infrastructure for storage of
agricultural commodities, Reserve Bank of India (RBI) issued guidelines for creation
of Warehouse Infrastructure Fund (WIF 2014 -15) in NABARD. The fund envisages
extension of loans to Public and Private sectors for construction of warehouses, silos,
cold storages and other cold chain infrastructure.

WIF would be utilized for meeting the growing demand for scientific storage capacity
for agricultural commodities in the entire country and also in the wake of enactment
of National Food Security Act 2013. Priority will be given for the projects proposed in
Eastern and North Eastern states and food grain deficit states.
The salient features of the WIF are indicated below:

1 Eligible Institutions /  State Governments,

Entities  State / Central Government Owned / assisted
entities, Cooperative, Federations of
Cooperatives, Farmers’ Producers’
Organizations (FPOs), Federations of Farmers’
Collectives, SPVs set up under PPP mode, etc.
 Primary Agricultural Credit Societies (PACS) /
Cooperative Marketing Societies (CMS) or
similar institutions
 Corporates / Companies / Individual
Entrepreneurs etc.
2 Activities Covered Loans will be provided for proposals of projects
involving creation of storage infrastructure, with a
minimum aggregate capacity of 5000 metric tons
(MT), for agricultural and allied produce including
construction of:
a. Warehouses
b. Silos
c. Cold storage, controlled atmosphere (CA)
stores, other cold chain infrastructure
activities like pack houses / integrated pack
houses, reefer vans, bulk coolers,
individually quick frozen units, chilling/
freezing infrastructure, etc.
Modernization/improvement of the existing
storage infrastructure projects will be considered
 on merit of each proposal provided it leads to
scientific/ additional storage capacity.
(No minimum capacity for projects of
Governments/ Government owned corporations).
3 Conformation to Loans will be provided in respect of only those dry
Norms of WDRA / and wet storage projects which conform to the
NCCD norms / standards prescribed by Warehousing
Development and Regulatory Authority (WDRA) /
National Centre for Cold-chain Development
(NCCD).
The borrowers also to give an undertaking for
obtaining accreditation / registration from WDRA
for storage infrastructure / following the standards
set by NCCD for cold chain infrastructure, on
completion of the infrastructure.
4 Priority Segments Funds under this allocation would be utilized for
meeting the growing demand for storage capacity
for agricultural commodities and also in the wake
of enactment of National Food Security Act 2013
from the following segments:
 Food grain procurement agencies, like FCI
(including under PEG Scheme), Central
Warehousing Corporation, State Government
Departments/Agencies, SWCs, etc.
 Panchayats, PACS and other Co-operative
Societies (including modernization/renovation/
repairs of the existing warehouses) for enabling
farmers to store their produce and avail
concessional post-harvest loans.
 State Civil Supplies Departments/ Corporations
for Public Distribution System (PDS) and
supply of essential commodities.
 Private sector companies/ corporates for storing
food grains as well as other agricultural
commodities, like pulses, oilseeds, cotton,
spices & condiments and perishables like fruits
& vegetables, dairy/ poultry/meat/fish
products.
Priority will be given for the projects proposed in
Eastern and North Eastern states and all other
deficit states from the food grain production point
of view.
 5 Loans to Public Sector Loans to State Government, Agencies Owned/
Sponsored by State Govt. and Panchayats (through
State Governments) will be governed by the extant
Rural Infrastructure Development Fund(RIDF)
guidelines.
6 Loans to Private Sector Direct loans to private sector and to the entities
owned/sponsored by the State Govt., which are not
covered by guarantee, would be governed by the
terms of lending indicated in Annexure – I.
7 Implementation Period The implementation period will be during the year
2014-15.

(For any queries/ clarifications – email to dsm@nabard.org /

nabardwarehouse@gmail.com - or telephone : 022 26539670)
 Annexure – I

Direct Loans to Private Sector – Terms of Lending

Type of Borrower Maximum Tenure Rate of Interest

Quantum of of Loan (% p.a.)
Loan (Years)
(% of TFO)
Agencies owned/sponsored 95 07 PLR*+Risk Premium
by Government of India, SPVs More PLR + Risk Premium +
set up under the projects in than 7 Tenor Premium
PPP mode, FPOs, Federations years
of Farmers’ Collectives, Apex
Marketing Boards, etc.
Cooperatives (and their 95 07 PLR + Risk Premium
Federations), APMCs or More PLR + Risk Premium +
similar institutions than 7 Tenor Premium
years
Private Companies/ 75 07 PLR + Risk Premium
Corporates /Individual More PLR + Risk Premium +
Entrepreneurs etc. than 7 Tenor Premium
years
* PLR is Prime Lending Rate of NABARD
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