National E-Repository Limited (NERL)

Creation

Storage

Transfer

Pledges

E-Auctions

The receipts are against commodities, specifically those in the WDRA-registered warehouses. The farmers can use eNWRs that meet eligibility criteria as collateral to borrow money from banks and NBFCs. NeRL does not lend the money. It provides the infrastructure for electronic record-keeping and transactions.

As per the annual report of FY 2024-25, the company is a loss-making entity in terms of net profitability. The company reported a net loss of Rs.3.98 crore in FY 2024-25, which is 20.5% lower compared to the previous year. However, the total income has increased from Rs. 10.90 crore in 2023-24 to Rs.12.01 crore in 2024-25, indicating better income, but the operating expenses still continue in relation to its current size.

The major promoter of NeRL is National Commodity & Derivatives Exchange Limited (NCDEX), alongside other institutional shareholders such as

NABARD

State Bank of India

ICICI Bank

However, in FY 2024-25, NCDEX reduced its shareholding from around 67% to 51% as per the requirements of the Warehousing Development and Regulatory Authority. The institutional support that NeRL receives helps connect agricultural finance with the infrastructure of the banking and commodity markets.

NeRL has facilitated approximately Rs.3,293 crore in loans against eNWRs during 2024-25 and an approximately 87% share of eNWR-based financing. But there are key factor risks including continued losses, dependence on ecosystem adoption, regulatory changes, and fluctuations in commodity trading activity.