POST HARVEST PROFILE OF POTATO - Agmarknet

3.7.4 Pledge Finance System :The Indian farming community mostly consists of small and marginal farmers.They do not have the economic strength to retain the surplus produce till favourablemarket price and often compelled to sell their produce immediately after harvest whenthe prices are low. The solution to this problem lies in providing safe and scientificstorage of their produce and availing easy marketing credit against the stored produce.Hence, the systems of pledge finance have emerged as an unique avenue of finance tofarmer.Table No. 9Facilities of LoanLoan system Eligibility Rate of interest Types of participatingbanksAs per guidelines of Persons can It is determined Commercial Banks /Reserve Bank of avail this facility by respective Cooperative Banks /India, loan/advances of pledge loancan be given against by storing theirBank.RegionalBanks.Ruralhypothecation/ produce in coldpledge of agricultural storage.produce includingPotato.36