
After weeks of investor frenzy in NCDEX, the spotlight is now shifting to another jewel from the same stable- National E-Repository Ltd (NeRL) . Backed by a government mandate and NABARD's renewed thrust on warehouse receipt financing.
NeRL is no longer a hidden subsidiary. It is emerging as the hero of India's digital agri-credit revolution . With a Rs.10,000 crore target for e-NWR loans carved out of the record Rs.32.5 lakh crore agri-credit plan for FY26 , NeRL sits at the centre of policy, technology, and finance. In just the first quarter, pledge loans via e-NWRs touched Rs.1,500 crore , underscoring early adoption momentum.
This push is tightly aligned with the Digital India theme - where farmers gain seamless access to formal credit, stored produce turns into liquid collateral, and banks plug into a trusted digital backbone. NeRL's initiatives, including the e-Kisan Upaj Nidhi (e-KUN) marketplace and a Credit Guarantee Scheme , are designed to unlock scale and reduce friction across the value chain.
For investors, the writing on the wall is clear. If NCDEX once brought transparency to agri-commodity markets, NeRL is now rewriting the playbook for collateralised agri-credit - a business model that grows with every warehouse, every receipt, and every loan disbursed.
Investor Takeaways: Why NeRL is the Next Big Bet
- Policy-backed momentum: Rs.10,000 crore e-NWR loan mandate within the Rs.32.5 lakh crore GLC target.
- Early traction: Rs.1,500 crore e-NWR pledge finance already achieved in Q1 FY26.
- Digital India alignment: NABARD support, e-KUN marketplace, and credit guarantees fuelling adoption.
- Scalable model: Every stored tonne of produce is a new financial asset waiting to be unlocked.
- Bottom line: With NABARD's push, Digital India alignment, and policy tailwinds, NeRL is stepping out of NCDEX's shadow and onto centre stage as the next big growth engine in agri-fintech.
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Published by HT Digital Content Services with permission from PNN.