Warehouses financing: short on logic and long on imagination
- 2006
- p.1754-756.
- 6 May
The attempt by the RBI to promote warehouse financing for agricultural commodities is undoubtedly a welcome move. The major problem, however, is that the country lacks modern warehouses. It would have been much better if the RBI - constituted Working on Warehouse Receipts and Commodity Futures had drawn up a road map to develop the warehouse receipt system for bank financing against agricultural commodities. - Reproduced.