The National Bank for Agriculture and Rural Development (NABARD) has introduced a Negotiable Warehouse Receipt (NWR) system to help farmers avoid distress sale of their produces.

In a statement here on Friday, NABARD chief general manager K.C. Shashidhar said the NWRs would enable small and marginal farmers with Kisan Credit Cards to avail post-harvest loans at concessional interest rates and store their produce in warehouses against warehouse receipts.